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M.A.Part -I, 2011 Prospectus No.


Dineshkumar Joshi
Sant Gadge Baba
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Amravati- 444 602

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M.A. Examinations of Part-I 2011 & Part-II of 2011


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© "No part of this prospectus can be reprinted or published without
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1 2
SANT GADGE BABA AMRAVATI UNIVERSITY Ordinance No.159 : Prescirbed rules for Revaluation of Answer
(1) Notwithstanding anything to the contrary, it is notified for general
information and guidance of all concerned that a person, who has passed Dineshkumar Joshi
the qualifying examination and is eligible for admission only to the Registrar
corresponding next higher examination as an ex-student or an external Sant Gadge Baba Amravati University.
candidate, shall be examined in accordance with the syllabus of such next
higher examination in force at the time of such examination in such subjects PATTERN OF QUESTION PAPER ON THE UNIT SYSTEM.
papers or combination of papers in which students from University
Departments or Colleges are to be examined by the University. The pattern of question paper as per unit system will be broadly
based on the following pattern
(2) Be it known to all the students desirous to take examination/s for which
this prospectus has been prescribed should, if found necessary for any
(1) Syllabus has been divided into units equal to the number of
other information regarding examinations etc., refer the University
question to be answered in the paper. On each unit there will be
Ordinances Booklet the various conditions/ provisions pertaining to
a question either a long answer type or a short answer type.
examinations as prescribed in the following Ordinances -
(2) Number of question will be in accordance with the unit prescribed
Ordinances No.1 : Enrolment of Students.
in the syllabi for each paper i.e. there will be one question on
each unit.
Ordinances No.2 : Admission of Students
(3) For every question long answer type or short answer type there
Ordinances No.4 : National Cadet Corps
will be an alternative choice from the same unit. However, there
will be no internal choice in a question.
Ordinances No.6 : Examination in General (relevant extracts)
(4) Division of marks between long answer and short answer type
Ordinance No. 9 : Conduct of Examinations (Relevant Extracts)
question will be in the ratio of 40 and 60
Ordinance No. 18 : An Ordinance to provide grace Marks for
(5) Each short answer type question shall contain 4 to 8 short sub
passing in a Head of passing and Improvement
question with no internal choice.
of Division (Higher Class) and getting
Distinction in the subject and condonation of
deficiency of Marks in a subject in all the
faculties prescribed by the statute no. 18
Ordinance, 2001

Ordinance no.10 : Providing for Exemptions and Compartments.

Ordinance No.19 : Admission of Candidates to Degrees

Ordinance No.109 : Recording of a change of name of a University

Student in the records of the University.

Ordinance No.6 of 2008: Improvement of Division.

14 15
SANT GADGE BABAAMRAVATI UNIVERSITY e) be entitled for award of the division on the basis of the fresh
*ORDINANCE No.138 marks obtained by him at Part-I and Part-II (and Part-III where applicable)
For Improvement of Division /Grade Examinations taken together, but shall not be entitled to a place in Merit List
or for any award or medal or Scholarship on the basis of his Performance at
1. Notwithstanding anything contained in the relevant Ordinance,a
these examinations nor shall be entitled to take advantage of the provisions
person who has passed the M.A. /M.Com. /M.Sc. /M.Lib. & I.Sc./M.P.Ed./
of Ordinance No.7-A relating to Condonation of Deficiency or of Ordinance
LL.M. Examination of the Amravati University in Third Division or who do
No.10 relating toward of exemptions and compartments :
not have Higher Second Class (B+)at the said qualifying examination shall
be eligible to take the examination in the same subject or Group of subjects f) Pass the entire examination within 5 years from the date he first
,as the case may be, again for improving his division as hereinafter provided. applies for re- admission to the Part-I Examination No further chances will
be given to him.
2. A person eligible to take the examination under these provisions
shall- g) Submit to the University alongwith his application for Part-I
Examination his marks - list at the Part-I and Part-II (and Part-III where
a)take the Part-I and Part-II(and Part-III where applicable) but shall
applicable) Examinations as also the original degrees awarded to him at the
not be eligible to take the Part-II (or Part-III where applicable) Examination
previous examination.
unless he is declared successful at the lower examination:
h) be eligible for a fresh marks- list and fresh degrees if he improves
b) no person shall be eligible to take the higher examination unless
his division on passing these examinations and such a fresh degree shall
at least one academic year is elapsed after passing the qualifying
specifically mention.
“ Under the provisions of Ordinance No.138 for Improvement
c) be examined according to the scheme of examination and syllabi
prescribed for the year in which he takes the examination. He shall not be of Division Grade” and on award of a fresh degrees under this scheme his
entitled to any concessions in respect of the syllabi or scheme of previous mark-list and degree shall be treated as cancelled. If, however, he
Examinations. fails to improve his division/grade his original degree and the mark-list shall
be returned to him;
d) be examined in all the papers prescribed for the Part-I/Part-II (and
Part-III Where applicable) Examinations; i) give an undertaking while applying for admission to the Part-I
Examination under these provisions, that he has not previously taken
advantage of these provisions.
Note- In case of examination in a subject which includes practical
examination, the applicant shall have attended a full course of instruction j) Such candidates shall be treated as External Candidates.
in Practicals in that subject in a College/Department admitted to the *****
privileges of the University. He will not be admitted to the examination
unless he produces a certificate from the Principal/Head of the Department
that the applicant has attended the full course of laboratory instruction in
that subject :

* As made by the Executive Council Dated 15/16-2-77, item No. 3/- Ac 39, to
be effective from the Part-I Examination of March/April, 1978. Further
amended by Ordinance No.5 of 1983, and 4 of 1997 Executive Council Dated
4/5-1983, 10/1999, 14/2004.
16 17
ECONOMICS Unit-I : Introduction, Basic Concepts and General Equilibrium:-
Basic Economic Problem —Choice and Scarcity, Deductive
Group A : Compulsory Papers
and Inductive Methods of Analysis; Positive and Normative
Paper I Micro Economics Analysis Economics; Characteristics of Equilibrium and Disequilibrium
Paper II Macro Economics Analysis Systems. Partial and general equilibrium, Walrasian Excess
demand and input-output approaches to general equilibrium.
Group B : Optional Papers ( Any Two of the Following) Unit-II : Demand Analysis and Economics of Uncertainty:-
1. Public Economics Elasticities (price, cross,income) of demand- theoretical
2. Industrial Economics aspects and empirical estimation; elasticity of supply,
3. Agricultural Economics Theories of demand- utility, Indifference curve (income and
4. Economics of Gender and Development substitution effects Slutsky theorem,compensated demand
5. Economics of Infrastructure curve) and their applications; Revealed preference theory,
6. Welfare Economics Revision of demand theory by Hicks; Characteristics of
goods approach; consumer’s choice involving risk; indirect
7. Economics and Law
utility functions (duality theory), Recent developments in
8. Quantitative Methods-I ( Economic Statistics) demand analysis (pragmatic approach and linear expenditure
9. Quantitative Methods-II (Econometrics-I) systems) Consumer’s surplus; Recent developments in
10. History of Economic Thought. demand; elementary theory of price formation-demand and
supply equilibrium,cobweb theoarem; lagged adjustment in
M.A.Part-II Examination interrelated markets, Individual behaviour towards risk,
Group - A : Compulsory Paper. expected utility and certainty equivalence approaches, risk
and risk aversion - sensitivity analysis, gambling and
Paper-I : Economics of Growth and Development
insurance, the economics of insurance and the economics of
Paper-II: International Trade and Finance. information.
Unit-III : Theory of Production and Costs:
Group-B: Optional Papers (Any two of the following)
Production function-short period and long period, law of
i) Indian Economic Policy
variable proportions and returns to scale, Isoquants Least
ii) Economics of Social Sector and Environment cost combination of inputs; Returns to factors, Economics
iii) Labour Economics.3 of scale; Multi-product firm, Elasticity of substitution, Euler’s
iv) Mathematical Economics. theorem; Technical progress and production function; Cobb-
v) Econometrics-II Douglas, CES;Traditional and modern theories of costs-
vi) Demography Empirical evidence; Derivation of cost functions from
vii) Financial Institutions and Markets production functions; derived demand for factors.
viii)Computer Application in Economic Analysis Unit-IV : Price and Output Determination, Alternative Theories of
ix) History of Modern Economic Analysis the Firm:
x) Economics of Insurance Marginal analysis as an approach to price and output
xi) Business Cycles. determination; perfect competition-short run and long run
equilibrium of the firm and industry, price and output
18 19
determinations, supply curve,; Monopoly -short run and long 4. Sen A.(1999), Microeconomics: Theory and Applications, Oxford
run equilibrium, price discrimination, welfare aspects, University Press, New Delhi.
monopoly control and regulation; Monopolistic competition- 5. Stigler, G.(1996) Theory of Price, (4th Edition), Prentice Hall of India,
general and Chamberlin approaches to equilibrium, New Delhi.
equilibrium of the firm and the group with product 6. Varian, H. (2000), Microeconomics Analysis, W.W.Norton, New York.
differentiation and selling costs, excess capacity under 7. Baumol, W.J. (1982), Economic Theory and Operations Analysis,
monopolistic and imperfect competition,criticism of Prentice Hall of India, New Delhi.
monopolistc competition; Oligopoly-Non collusive 8. Hirshleifer, J. and A.Glazer (1997), Price Theory and Applications,
(Curnot,Bertrand,Edgeworth,Chamberlin Kinked demand Prentice Hall of India, New Delhi.
curve) and collusive(Charels and mergers,price leadership
9. Henderson, J.M. and R.E.Quandt (1980), Microeconomic Theory: A
and basing point price system) models, Price and output
Mathematical Approach, McGraw Hill, New Delhi.
determination under monopsony and bilateral monopoly,
10. Da Costa, G.C.(1980), Production, Prices and Distribution, Tata
Workable competition-structure, conduct and performance
McGraw Hill, New Delhi.
11. Bain, J. (1958), Barriers to New Competition, Harvard University Press
Critical evaluation of marginal analysis, Baumol’s sales Harvard.
revenue maximization model, Williamson’s model of 12. Bronfenbrenner, M.(1979), Income Distribution Theory, Macmillan,
managerial discretion, Marris model of managerial enterprise; London.
Full cost pricing rule, Bain’s limit pricing theory and its recent
13. Graff,J De V. (1957) Theoretical Welfare Economics. Cambrige
developments including Sylos-Labini’s model; Behavioural Uni.Cambrige 14. Mishan, E.J. (1969),Welfare Economics : An
model of the firm, Game theoretic models. Assessment, North Holland Amsterdam.
Unit-V : Distribution and Welfare Ecomomics: 15. Green, H and V.Walsh (1975) Classical and Neo-Classical Theories
of General Equilibrium, Oxford University Press, London.
Neo-classical approach Marginal productivity theory;
16. Weintrub,E.R. (1974) General Equilibrium Theory, Macmillan, London.
Product exhaustion theorem; Elasticity of technical
substitution,technical progress and factor shares; Theory of 17. Arrow,K.J. and M.D. Intrilligator (Eds.) (1981), Handbook of
distribution in imperfect product and factor markets; Mathematical Economics V.I. North Holland, Amsterdam.
Determination of rent, wages, interest and profit; Macro 18. Ahuja, H.L. Advanced Economic Theory
theories of distribution- Recardian, Marxian, Kalecki and 19. Bilas,Richard A., Microeconomics Theory.
Kaldor’s. 20. Breil, W & Mochman, H., Readings in Microeconomics.
Pigovian welfare economics, Pareto optimal conditions, Value 21. Friedman, Milton, Price Theory.
judgement; Social welfare function, Compensation principle; 22. Hibdon,J.E. Price & Welfare Theory.
Inability to obtain optimum welfare-Inperfections, markets 23. Hicks,J.R. A Revision of Demand Theory.
failure, decreasing costs, uncertainty and non-existent and 24. Joshi, J.M. Rajendra Joshi,Micro Economic Theory: An Analysis
incomplete markets; Theory of Second Best Arrow’s Approach
impossibility theorem; Rawl’s theory of justice, equity- 25. Kennedy, M.M.J. Advanced Micro Economic Theory : An Analysis
efficiency trade off. Approach.
Books Recommended: 26. Misra, S.K.& Puri, V.K. Modern Micro Economics
27. Myint,Hla, Theories of Welfare Economics
1. Kreps,David M (1990),A course in Microeconomic Theory, Princeton
University Press, Preiceton. 28. Pindyck & Rubinfeld, Micro Economics
2. Koutsoyiannis, A (1979),Modern Microeconomics,(2nd Edition), 29. Ray,N.C., An Introduction to Microeconomics
Macmillan Press, London. 30. Roychowdhary, K.C.Micro Economics
3. Layard, P.R.G. and A.W.Walters (1978), Microeconomic Theory, 31. Ryan,W.J.L.Price Theory Hibdon, J.E.Price & Welfare Theory.
McGraw Hill, New York. 32. Seth, M.L. Micro Economics
20 21
33. Sundharam, K.P.M.& Vaish,M.C.Micro Economic Theory, Unit-IV : Post-Keynesian Demand for Money and Macroeconomics in
34. Zingan, M.N. Microeconomics. an open Economy:-
35.  {…{…Æ˙EÚÆ˙, M….|….-®…÷±™… ¥…  ¥…i…Æ˙h… : ∫…Ëvn˘… i…EÚ  ¥…¥…‰S…x… Post-Keynesian approaches to demand for money -Patinkin
and the Real Balance Effect, Approaches of Baumol and
36. E‰Ú≥˝EÚÆ˙ - ¶……¥…‰ - ®…÷±™…  ∫…vn˘…Δi… Tobin, Friedman and the modern quantity theory,Crisis in
37. J……Δn‰˘¥……±…‰ - ÀEÚ®…i…  ∫…vn˘…Δi… Keynesian economics and the revival of monetarism.
38. {……]ı“±…, EfiÚ.B. - =SS…i…Æ˙ +…l…‘EÚ  ∫…vn˘…Δi… Mundell-Fleming model-Asset Markets, expectations and
exchange rates, Monetary approach to balance of payments.
Paper-II Unit-V : Theories of Inflation and Business Cycles:
MACRO ECONOMIC ANALYSIS-II Classical, Keynesian and Monetarist approaches to inflation;
Unit-I : National Income and Consumption Function Structuralist theory of inflation, Philips curve analysis- Short
Circular Flow of Income in two, three and four-sector run and long run Philips curve, Samuelson and Solow-the
economy; different forms of national Income accounting- natural rate of unemployment hypothesis, Policies to control
social accounting, input- output accounting, flow of funds inflation.
accounting and balance of payments accounting. Business Cycle theories of Schumpeter, Kaldor, Samuelson
and Hicks, Goodwin’s model, Control of business cycles-
Keynes’ Psychological law of consumption-implications of
relative efficacy of monetary and fiscal policies.
the law, shortrun and long-run consumption
function,Empirical evidence on consumption function, Income Books Recommended :-
consumption relationship-absolute income, relative income, 1. Ackley,G (1978),Macroeconomics:Theory and Policy;Macmillan,New
life cycle and permanent income hypotheses. York
Unit-II : Investment Function and Supply of Money. 2. Blackhouse,R and A.Salansi (Eds.)(2000), Macroeconomics and the
Real World (2 Vols), Oxford University Press, London.
Marginal efficiency of investment and level of
investment,Marginal efficiency of capital and investment- 3. Branson, W.A.,(1989), Macroeconomic Theory and Policy, (3rd
long run and short run; The accelerator and investment Edition), Harper and Row, New York.
behaviour- impact of inflation, influence of policy measures 4. Dornbusch,R and F Stanley (1997), Macroeconomics, McGraw
on investment. Hill,Inc.,New York.
5. Hall, R.E. and J.B.Taylor(1986), Macroeconomics, W.W.Norton,New
RBI approach to money supply; High Powered money and
money multiplier, budget deficits and money supply; money
6. Heijdra, B.J.and V.P.Frederick(2001), Foundations of Modern
supply and open economy, control of money supply.
Macroeconomics. Oxford University Press, New Delhi.
Unit-III : Demand for Money,Neo-classical and Keynesian Synthesis 7. Jha, R.(1991), Contemporary Macroeconomics, Theory and Policy,
Classical approach to demand for money-Quantity theory Wiley Eastern Ltd. New Delhi.
approach, Fisher’s Equation, Cambridge quantity theory, 8. Romer,D.L. (1996) Advanced Macroeconomics, McGraw Hill
Keynes’s liquidity perference approach, transaction, Company,Ltd. New York.
precautionary and speculative demand for money aggregate 9. Scarfe, B.L. (1977) Cycles,Growth and Inflation, McGraw Hill, New
demand for money, Derivation of LM curve. York
Neo-classical and Keynesian views on interest; The IS-LM 10. Shapiro,E. (1996), Macroeconomic Analysis, Galgotia Publications
model; Extension of IS-LM model with Government New Delhi.
sector,Relative effectiveness of the monetary and fiscal 11. Surrey,M.J.C.(Ed.) (1976), Macroeconomic Themes, Oxford
policies. Extension of IS-LM model with labour market and University, Press Oxford.
flexible prices. 12. Ahija,H.L.,Macro Economics for Business & Management
22 23
13. Aiyar,P.R.K.Monetary & Fiscal Economics. Problems for allocating resources; Problems of perference
14. Balanchard & Fischer, Lectures on Macroeconomics revelation and aggregation of perferences; Voting systems;
15. Dillard, D. Economics of J.M.Keynes. Arrow impossibility theorem; An economic theory of
16. Eric Schneider, Money,Income & Employment democracy; Politico-eco-bureaucracy, Rent seeking and
17. Ghosh,B.N. & Ghosh,Rama,Modern Macro Economics. directly unproductive profit seeking (DUP) activities.
18. Halm .G.N.,Monetary Theory. Allocation of resources-provision of public goods, Voluntary
19. Hanson, A,Monetary Theory & Fiscal Policy. exchange models; Impossibility of decentralized provision
20. Henderson, National Income (Satic & Dynamic) of public goods (contributions of Samuelson and Masgrave)
21. Keynes, J.M. General Theory of Employment, Interest & Money Stabilization Policy-Keynesian case for stabilization policy,
Uncertainty and expectations, Failure of inter-temporal
22. Lindauer, Macroeconomic Reading.
markets; Liquidity perference; Social goals; Poverty
23. Mithani, D.M. Money,Banking, International Trade & Public Finance.
alleviation, Provision of infrastructural facilities, removing
24. Rana & Verma Macro Economic Analysis. distributional inequalities and regional imbalances.
25. Seth,M.L. , An Introduction to Keynesian Economics.
Unit-III : Public Expenditure, Taxation and Public Debt.:-
26. Shukla, D.K.(1968) : Business Cycle Analysis.
27. Hamberg(1971) Business Cycles,Macmillan Co.New York. Wagner’s law of increasing state activities, Wiesman-Peacock
28. Turnovsky, Methods of Macroeconomic Dynamics. hypothesis, Pure theory of public expenditure, Structure and
growth of public expenditure; Criteria for public investment,
29.  ∫…xΩ˛… Œ¥Ω˛.∫…“. : ®…÷±™…, +…™… ¥… Æ˙…‰V…M……Æ˙  ∫…r˘…Δi… Social cost-benefit analysis- Project evaluation, Estimation
30. n‰˘∫……<« : +…Ãl…EÚ v……‰Æ˙h… of costs, discount rate, Reforms in expenditure
budgeting,Programming budgeting and zero base budgeting.
31. n‰˘∂…{……Δb‰˜, ∏…“. +…. : ®…÷p˘…  ∫…r˘…Δi… +… h… v……‰Æ˙h…
Theory of incidence; Alternative concepts of incidence-
32. ¶……‰™…Æ˙, ∫……§…≥‰˝ : ∫…®…Œπ]ı +l…«∂……∫j… Allocative and equity aspects of individual taxes Benefit and
33. ¥…Ë∂™…, B®….∫…“. : ®……Ëp˘“EÚ +l…«∂……∫j… ability to pay approaches, Theory of optimal taxation, Excess
burden of taxes, Trade off between equity and efficiency;
34. ∫…÷Δn˘Æ˙®… B¥…Δ ¥…Ë∂™… : =SS…i…Æ˙ ∫…®…Œπ]ı +l…«∂……∫j… Theory of measurement of dead weight losses; The problem
35. ®……Ω˛…‰Æ‰˙, Æ˙….™…. : ¥™……{……Æ˙ S…GÚ…S…‰  ∫…vn˘…Δi… of double taxation.
Classical view of public debt; Compensatory aspect of debt
GROUP-B policy; Burden of public debt; Sources of public debt; Debt
OPTIONAL PAPER-I through created money, Public borrowings and price level,
Crowding out of private investment and activity; principles
of debt Management and repayment.
Unit-I : Introduction
Unit-IV Fiscal Policy and Fiscal Federalism
Role of Government in organized society; changing
Objectives of fiscal policy-full employment, anti-
perspective- goverment in a mixed economy, public and
inflation,economic growth, redistribution of income and
private sector, cooperation or competition; Governments as
wealth; interdependence of fiscal and monetary policies,
an agent for economic planning and development Government
Budgetary deficits and its implications; Fiscal policy for
as a tool for operationalizing the planning process, private
stabilization-automatic vs discretionary stabilization,
goods,public goods; and merit goods, Market failure-
Alternative measures of resource mobilization and their
imperfections, decreasing cost, externalities, public goods,
impact on growth, distribution and prices Balanced budget
Uncertainty and non-existence of futures markets
Unit-II : Public Choice, Rationale for Public Policy
Private and public mechanism for allocating resources,
24 25
Principles of multi-unit finance, Fiscal fedralism in India, 13. Chelliah, Raja,Fiscal Policy in Underdeveloped Countries
Vertical and horizontal imbalance; Assignment of function 14. Dalton, H., Principles of Public Finance
and sources of revenue; Constitutional provisions; Finance 15. Govt. of India, Reports of the Finance Commission
Commission and Planning Commission; Devolution of 16. Hicks, Ursula, Development Finance
resources and grants, Theory of grants; Resource transfer 17. Misra, B Economics of Public Finance
from Union to State-Criteria for transfer of resources, Centre-
18. Saxena & Mathur, Public Finance
State financial relations in India, Problems of states’
19. Singh S.K. Public Finance in Theory & Practice
resources and indebtedness; Transfer of resources from
Union and States to local bodies. 20. Taylor, Economics of Public Finance
21. Tyagi, B.P. Public Finance
Unit-V : Indian Public Finance
22. Williams, A., Public Finance & Budgetory Policy
Indian tax system; Revenue of the Union, States and local
23. +…‰∫…Æ˙EÚÆ˙, ∫…÷.Æ˙…. : Æ˙…V…∫¥…
bodies; Major taxes in India: base of taxes, direct and indirect
taxes, taxation of agriculture, expenditaure tax, reforms in direct 24. n‰˘¥… +… h… Z……®…Ɖ˙ : Æ˙…V…∫¥…
and indirect taxes, taxes on services; Non-tax revenue of
Centre, State and local bodies, Analysis of Central and state OPTIONAL PAPER-II
government budgets; Lack of flexibility in Central and State INDUSTRIAL ECONOMICS
budgets, shrinking size of development finance through Unit-I : Framework and Problems of Industraial Economics-Market
budgets; Trends in public expenditaure and public debt; Structure.
Fiscal crisis and fiscal sector reforms in India, Reports of
Concept and organization of a firm - ownership, control and
Finance Commissions in India.
objectives of the firm, Passive and active behaviour of the
Books Recommended: firm.
1. Atkinson, A.B. and J.E.Siglitz (1980), Lectures on Public Economics, Sellers concentration; Product differentiation, Entry
(Tata McGraw Hill,New York) conditions; Economies of scale, Market structure and
2. Auerbach, A.J. and M. Feldstern (Eds.)(1985), Handbook of Public profitability; Market structure and innvoation; Theories of
Economics, Vol.I, North Holland, Amsterdam, industrial location- Weber and Sargent Florence; Factors
3. Buchanan, J.M. (1970) The Public Finance, Richard D.Irwin, affecting location.
Unit-II : Market Conduct and Market Performance
4. Goode R (1986) Government Finance in Developing Countries, Tata
McGraw Hill, New York. Product pricing-Theories and evidence;Investment
5. Houghton, J.M.(1970), The Public Finance; Selected Readings, expenditure- Methods of evaluating investment expenditure;
Penguin, Harmondsworth. Theories and empirical evidence on Mergers and acquisitions
6. Jha.R. (1998) Modern Public Economics, Routledge, London. (M & As) and diversification.
7. Menutt.P. (1996) The Economics of Public Choice, Edward Elgar Growth of the firm-Size and growth of a firm; Growth and
U.K. profitability of the firm; Constrainsts on growth; Productivity,
8. Musgrave,R.A.(1959), The Theory of Public Finance, McGraw Hill, efficiency and capacity utilization-Concept and measurement,
Kogakhusa, Tokyo. Indian situation.
9. Musgrave R.A. and P.B.Musgrave (1976), Public Finance in Theory Unit-III : Indian Industrial Growth and Pattern
and Practice. McGraw Hill, Kogakhusa,Tokyo.
Classification of industries;Industrial policy in India-Role of
10. Shoup, C.S. (1970),Public Finance,Aldine, Chicago. Public and private sector; Recent trends in Indian industrial
11. Shome,P (Ed.) (1995), Tax Policy : Handbook,Tax Division,Fiscal growth; MNCs and transfer of technology, Liberalization and
Affairs Department,International Monetary Fund, Washington D.C. privatization; Regional industrial growth in India; Industrial
12. Bhatia, R.L., Public Finance. economic concentration and remedial measures; Issues in
26 27
industrial proliferation and environmental preservation, 14. Govt.of India, Reports of the Monopolies Enquiry Commission
Pollution control policies. 15. Govt of India, Report of Industrial Licensing Policy Inquiry
Unit-IV : Industrial Finance and Project Appraisal Commission
16. Hanson, Public enterprises
Owned, external and other components of funds,Role,nature 17. Mason, Economic Concentration and Monopoly Problems
volume and types of institutional finance-IDBI,IFCI,SFCs, 18. Nigam & Choudhari, The Corporate Sector in India
SIDC, commercial bank, etc; Financial statement-Balance 19. Ramchandran, V.V., The Corporate Sector in India
sheet, Profit and loss account; assessment of financial 20. Rooley, C.K., Readings in Industrial Economics
soundness, ratio analysis. 21. Sargent Florence,P., The Logic of British & American Industries
Cost-benefit analysis-Net Present Value (NPV) and internal 22. Shivayya & Das, Indian Industrial Economy.
rate of return (IRR) criteria-balancing private and social
Unit-V : Industrial Labour and Current problems of Selected
Industries Unit-I : Agriculture, Economic Development, and Diversification of
Rural Econnomic Activities.
Structure of Industrial labour, Employment dimensions of
Indian industry; Industrial legislation, Industrial relations; Nature and scope of agricultural and rural economics;
Exit policy and social security; Wages and problem of bonus- Traditional agricultaure and its modernization; Role of
labour market reforms. agriculture in economic development ; Interdependence
between agriculture and indstry- some empirical evidence,
Iron and Steel, Cotton textiles; jute;Sugar;Coal;Cement and
Models of interaction between agricultaure and the rest of
engineering goods, Development of small-scale and cottage
the economy; Agricultural development, poverty and
industries in India.
Books Recommended:
Livestock economics-Livestock resources and their
1. Ahluwalia,I.J. (1985), Industrial Growth in India,Oxford University productivity ; Problems of marketing; White revolution,
Press New Delhi. Fishery and poultry development , Forestry, horticulture and
2. Bartwal,R.R.(1985), Industrial Economics, Wiley Eastern Ltd.,New floriculture, Issues and problems in rural industrialization and
Delhi development of agro-based industries.
3. Cherunilam,F.(1994), Industrial Economics:Indian Perspective (3rd
Edition), Himalaya Publishing House, Mumbai Unit-II : Economics of Rural Infrastructure. Agricultural Production
4. Desai, B. (1999), Industrial Economy in India(3rd Edition), Himalaya and Productivity.
Publishing House, Mumbai. Use of land, water and energy,Rural transport, communication
5. Divine, P.J. and R.M. Jones et.al.(1976), An Introduction to banking, extension services, role, modes and problems of
Industrial Economics, George Allen and Unwin Ltd., London. rural electrification, Rural social infrastructure,- education
6. Government of India, Economic Survey (Annual) and health and information dissemination.
7. Hay,D. and D.J.Morris(1979), Industrial Economics: Theory and
Agricultaural production- Resource use and efficiency,
Evidence, Oxford University Press , Mew Delhi.
Production function analysis in agriculture, Factor
8. Kuchhal, S.C.(1980), Industrial Economy of India (5th Edition),
combination and resource substitution; Cost and supply
Chaitanya Publishing House, Allahabad.
curves; Size of farm and laws of returns. Theoretical and
9. Reserve Bank of India, Report on Currency and Finance (Annual )
empirical findings; Farm budgeting and cost concepts, Supply
10. Singh, A and A.N. Sadhu (1988), Industrial Economics,Himalaya
response of individual crops and aggregate supply; Resource
Publishing House, Bombay.
use efficiency in traditional agriculture; Technical change,
11. Bain, Industrial Organisation
labour absorption and gender issues in agricultaural services.
12. Chamberlin, The Firm, Microeconomic Planning & Activities
13. Desai, S.S.M. & Bhalerao, N.,Industrial Economy of India
28 29
Unit-III : Land Reforms, Land Policy and Rural Labour Market agricultural development and technological progress ;
Principles of land utilization; Land distribution- Structure and sustainable agriculture indigenous practices; Bio-
trends Land values and rent; Land tenures and farming technological practices and growth potential.
systems- Peasant, capitalist, collective and state farming; International trade in agricultural commodities; Commodity
Tenancy and crop sharing- Forms, incidence and effects, agreements -Role of World Trade Organization; Issues in
Land reform measures and performance; Women and land Liberalization of domestic and international trade in agriculture-
reforms, Problems of marginal and small farmers. Nature and features of agrobusiness, Role of MNCs,
Rural labour supply; Interlocking of factor markets; Mobility Globalization of Indian economy and problems and prospects
of labour and segmentation in labour markets; marginalisation of Indian agricultaure; Impact of World Trade Organisation
of rural labour; Nature, extent and trends in rural on Indian agriculture.
unemployment; Agricultural wages in India, Male-female Books Recommended:
wage differences; Non-agricultural rural employment- Trends 1. Bhaduri, A. (1984). The Economic Structure of Backward Agriculture,
and determinants. Macmillan, Delhi.
Unit-IV : Rural Finance,Co-operation in India and Agricultural Prices 2. Bilgrami, S.A.R.(1996),Agricultural Economics, Himalaya Publishing
House, Delhi.
Role of capital and rural credit, Organized and unorganized
capital market, Rural savings and capital formation, 3. Dantwala,M.L. et.al.(1991), Indian Agricultural Development Since
Characteristics and sources of rural credit- Institutional and Independence, Oxford & IBH, New Delhi.
non-institutional, Reorganization of rural credit cooperatives, 4. Government of India(1976),Report of the National Commission on
commercial banks, regional rural banks; Role of NABARD. Agriculture , New Delhi.
5. Government of India, Economic Survey (Annual) New Delhi
Cooperative movement; Genesis and growth of cooperative
6. Gulati, A and T Kelly(1999), Trade Liberalisation and Indian
sector, Agricultural cooperation in India, Problems and
Agriculture, Oxford University Press, New Delhi
prospects of cooperative institutions.
7. Joshi,P.C.(1975) Land Reforms in India: Trends and Prospects Allied
Marketing and state policy; Agricultaural markets and Publishers, Bombay.
marketing efficiency- Marketing functions and costs, Market 8. Kahlon, A.S. and Tyagi D.S.(1983) Agriculture Price Policy in India,
structure and imperfections, Regulated markets, Marketed Allied Publishers, New Delhi.
and marketable surplus; Behaviour of agricultural prices-
9. Rao,C.H. Hanumantha (1975) Agricultural Growth,Rural Poverty and
Cobweb model, Price and income stability; State policy with
Environmental Degradation in India, Oxford University Press, New
respect to agricultural marketing; Warehousing; Prices;
Taxation and crop insurance;Terms of trade between
10. Reserve Bank of India, Report on Currency and Finance
agricultural and non-agricultural prices; Need for state
intervention; Objectives of agricultural price policy-
Instruments and evaluation, Food security in India and public 11. Rudra A.(1982),Indian Agricultural Economics: Myths and Reality,
distribution system. Allied Publishers, New Delhi.
12. Saini,G.R.(1979),Farm Size,Resource Use Efficiency and Income
Unit-V : Agricultural Growth in India, Agriculture and External Distribution, Allied Publishers, New Delhi.
13. Bilgrami,S.A.R.,An Introduction to Agricultural Economics
Recent trends in agricultural growth in India; Inter regional 14. Benjamin,R.E.,et.el., Economics of Agriculture
variations in growth of output and productivity; Cropping 15. Black,J.D., Introduction to Economics of Agriculture
pattern shifts; Supply of inputs- Irrigation, power, seed and 16. Desai, Agricultural Economics
fertilizers; Pricing of inputs and role of subsidies; Distribution
17. Efferson, T.N.Principles of Farm Management
of gains from technological change, Role of Public investment
18. Heady. E.O. & Jenson,Farm Management Economics
and capital formation in Indian agriculture; Strategy of
30 31
19. Leager, M.C. & Froster, Elements of Agricultural Economics. Unit-IV : Women, Labour Markets, Technology and Environment
20. Mamoria, C.B., Agricultural Problems of India. Factors affecting female entry in labour market; Supply and
21. Sandhu, A.N. & Singh Amarjit, Fundamentals of Agricultural demand for female labour in developed and developing
Economics. countries,particularly India, Studies of female work
22. Satya Sudaram,I., Rural Development.
participation in agriculture, non-agricultural rural activities,
23. Taylor, H.C.Outline of Agricultural Economics. informal sector, cottage and small scale industries, organized
24. ∂……Δi…… {……]ı“±… ¥… ±…“±…… {……]ı“±… : EfiÚπ…“ +l…«∂……∫j……S…“ ®…÷±…i…i¥…‰ industry, and services sector; Wage differentials in female
activities, Determinants of wage differentials, gender,
OPTIONAL PAPER-IV education, skill, productivity,efficiency opportunity;
ECONOMICS OF GENDER AND DEVELOPMENT Structures of wages across regions and economic sectors.
Unit-I : Introduction to Gender Studies Impact of technological development and modernization on
women’s work participation in general and in various sectors
Importance and concepts of women studies- Women in
such as agriculture, non-agricultaure rural activities, small
patriarchal and matriarchal societies and structures, patrilineal
and cottage industries and organized industry-Female
and matrilineal systems and their relevance to present day
activities and ecological and environmental concerns, the
society in India; Economic basis and functioning of
two way relationship- Role of new technologies for helping
patriarchy in developed and LDCs, particularly India, Gender
women Provision of information and training for simple
bias in the theories of value, distribution, and population.
harvesting of economic services.
Unit-II : Demographic Aspects
Unit-V : Social Security and Social Protection for Women, Gender
Demography of female population, Age structure,mortality Planning Development Policies and Governance.
rates, and sex ratio - Causes of declining sex ratios and fertility Social security of women entitlements, ensuring economic
rates in LDCs and particularly in India, Theories and independence and risk coverage, access to credit and
measurement of fertility and its control;Women and their insurance markets, Role of voluntary organizations, self help
access to nutrition, health, education and social and groups in providing social security, Labour market; biases
community resources, and their impact on female mortality and gender discrimination, effectiveness of collective
and fertility,economic status, and in work participation rate. bargaining; Review of legislation for women’s entitlements,
Unit-III : Women in Decision Making and conceptualization of protection of property rights, social security- Schemes for
women’s work safety net for women,Need for female labour unions;
Factors affecting decision making by women; rights, access affirmative action for women and improvement in their
to and control over economic resources, assets, Power of economic and social status.
decision making at household, class, community level, Gender and development indices; Mainstreaming gender into
Economic status of women and its effect on work-participation development policies; Gender-planning techniques; Gender
rate. income level, health, and education in developing sensitiaves governance, Paradigm shifts from women’s well
countries and India, Role of kinship in allocating domestic being to women’s empowerment; Democratic
and social resources. decentralization(panchayats) and women’s empowermentin
Concept and analysis of women’s work: Valuation of India.

Productive and unproductive work, visible and invisible work, Books Recommended:
paid and unpaid work economically productive and sociallu 1. Boserup E.(1970), Women’s Role in Economic Development, George
productive work-Economic status, private property, and Allen and Unwin, London.
participation of women in pre-industrial and indusrial 2. Desai, N. and M.K.Raj. (Eds.)(1979), Women and Society in India,
societies- Female contribution to National Income. Research Centre for Women Studies, SNDT University, Bombay.
32 33
3. Government of India (1974), Towards equality-Report of the Rate-making in Telephone Utilities, Principles of Decreasiang
Committee on the Status of Women in India, Department of Social Costs in Telephon Industry, Characteristics of Postal Services,
Welfare, Ministry of Education and Social Welfare, New Delhi. Criteria for Fixation of Postal Rates. Measurement of
4. Krishnaraj, M.,R.M.Sudarshan and A.Shariff(1999), Gender, Standards of Service in Telephone and Postal Utilities.
Population and Development, Oxford University Press, New Delhi . Unit-III : Energy Economics
5. Seth, M.(2000), Women and Development; The Indian Experience,
Primacy of Energy in the Process of Economic Development.
sage Publications, New Delhi.
Factors Determining Demand for Energy, Effects of Energy
6. Srinivasan K. and A.Shroff(1998), India; Towards Population and
Shortages. Energy Conservation. Renewable and Non-
Development Goals Oxford University Press, New Delhi.
Conventional Sources of Energy. Energy Modeling. The
7. Venkateswaran, S.(1995), Environment and the Gender Gap, Sage Search for an Optimal Energy Policy in the Indian Context.
Publications, New Delhi.
8. Wazir, R (2000), The Gender Gap in Basic Education: NGOs as Change, Unit-IV : Electicity, Gas and Water Supply
Agents, Sage Publications, New Delhi. Bulk supply and Pricing of Electicity, The Relative Economics
9. Amsden, A.H. The Economics of Women and work. of Thermal, Hydel and Nuclear Power Plants. The case for a
10. Bosorup, E., Women’s Role in Economic Development National Power Grid Financing Water Utilities. Urban and
11. Desai,Neera & Krishnaraj, Women and Society in India Rural Water Supply. The Exploitation of Natural Gas. Pricing
12. Kasturi,Leena & Others, Women Workers in India (ed.)Mazumdar Problem.
Vina. Unit-V : Social Infrastructure, Education and Health
13. Mazumdar,Ashok, The Status of Women, Literacy and Employment Organization and Financing of Supply of Social Services of
14. Mitra, Ashok,Implications of Declining Sex-ratio in India. Private vs. Public Sector Funancing; Recent debate about
15. Row, B. Sheela, Women’s Consciousness, Man’s World. the fixation of prices of social services. Development of social
16. Tilly, Charless, Historical Studies of Changing Fertility services in the successive Indian Plans.
17. Verma,Binita, Exploitation of Women Labour in India. Education and Economic Growth Approaches to Educational
18. Winter, E.L.Women at Work. Planning. Social Demand . Rate of Return and Manpower
OPTIONAL PAPER-V Planning Approaches. The Case for Universal,Free, Primary
ECONOMICS OF INFRASTRUCTURE Education, Structure of higher. education and problems of its
financing in India; Human Resources and Human Capital
Unit-I : Introduction
Development . The issues in educ ation policy ; Health
Infrastructure and economic development- Infrastructure as dimensions of development , Determinants of Health- poverty,
a public good; Social and physical infrastructure; Special malnutrition, illiteracy and lack of information, Economic
characteristics of public utilities. The peak-load, Off-Load dimensions of health care- Demand and supply of health
Problem, Dual Principle Controversy; Economies of scale of care; Financing of health care; and resource constraints,
joint supply ; Marginal cost Pricing vs. other methods of Inequalities in health-class and gender perspectives;
pricing in public utilities; Cross- subsidization-free prices, Institutional issues in health care delivery.
equity and efficiency.
Books Recommended:-
Unit-II : Transport Economics and Communications 1. Crew, M.A. and P.R.Kleindorfer (1979), Public Utility Economics
The structure of Transport Costs and Location of Economic Macmillan, London.
Activities, Demand for Transport Models of Freight and 2. Indian Council of Social Science Research (ICSSR) (1976) , Economics
Passenger Demand. Model Choice, Cost Functions in the of Infrastructure, Vol.VI, New Delhi.
Transport Sector, Principle ofPricing. Special Problems of 3. National Council of Applied Economics Research (NCAER) (1996) ,
Individual Modes of Transport, Inter-modal condition in the Indian Infrastructure Report ; Policy Implications for Growth and
Indian situation. Welfare, NCAER, New Delhi.
34 35
4. Parikh, K.S. (Ed.) (1997), India Development Report 1997, Oxford N. comparable optima vs. unique social optimum, Compensation
Delhi. criteria -Contriabutions of Barone, Kaldor and Hicks;
5. Parikh, K.S. (Ed.) (1999), India Development Report- 1999-2000, Oxford Unit-IV : Paretian Welfare Economics-II
New Delhi. The Scitovsky double criterion; Concept of community
6. Turvey, R.(Ed.) (1968), Public Enterprises, Penguin, Harmondsworth. indifference map. Samuelsons; utility possibility curve, Value
7. Agrawal, Atul & Others, The Fight for Survival- A People’s Action judgements and welfare economics, Bergson’s social welfare
for Environment. function, Arrow’s Impossibility theorem.
8. Aronofsky, J.Rao, A, & Shakum, M. Energy Power. Unit-V : Some Later Developments
9. Eckstein, O. Water Resource Development.
Divergence between private and social costs; Problems of
10. Garfield, P.J. & Lovely, W., Public Utility Economics non-market interdependence; Externalities of production and
11. GOI,Report of P & T Enquiry Committee. consumption, External economies and diseconomies, Problem
12. Kneafsey, J.T. Transportation Economic Analysis. of public goods; Pigovian welfare economics; Second best
13. Macrakis, M.S. (ed), Demand Conservation & Institution Problems optima, Marginal cost pricing, Cost-benefit analysis,
14. Nelson, J.R. Marginal cost Pricing in Practice Interdependent utilities; Attempts to develop dynamic welfare
15. Norton, M.S. Modern Transport Economics analysis.
16. Pauchri,R.K. (ed) Energy Policy for India Book Recommended:
17. Prest, A.R.Transport Economics in Developing Countries. 1. Arrow K.J. (1951), Social Choice and individual values, Yale
18. Sastri, Satish, Pollution and The Environmental Law University Press, New Haven
19. Singh, Shekar, Environmental Policy in India 2. Baumol W.J.(1965), Welfare Economics and the Theory of the State
20. Sapru, R.K. Envaironmental Management in India (Second Edition) Longmans, London.
21. Turvey, R & Anderson, D., Electricity Economics 3. Baumol W.J. (ed)(2001), Welfare Economics, Edward Elgar Publishing
22. Vakil, A.C. Economic Aspects of Environmental Pollution in India Ltd.,U.K.
OPTIONAL PAPER-VI 4. Broadway, R.W. and N.Bruce (1984), Welfare Economics, Basil Black
well, Oxford.
5. Duesenberry,J.S.(1949) Income. Saving and the Theory of consumer
Unit-I : Pre-Paretian Welfare Economics -I Behaviour Harvard University Press, Combridge,Mass.
Benthamite Approach to Aggregate Welfare. Optimum 6. Feldman,A.M.(1980), Welfare, Economics and Social Choice Theory,
Resource Allocation and Welfare Maximization. Assumption Martinus Nijhoff. Boston.
of Uniform Income-Utility Function of Individuals, Question 7. Graaff J.de V.(1957), Theoretical Welfare Economics, Cambridge
of Income Distribution, Issue of Interpersonal Comparisons University Press, Cambridge.
of Utility. 8. Little, I.M.D. (1939),A Critique of Welfare Economics (2nd Edition),
Unit-II : Pre-Paretian Welfare Economics- II Oxford University Press, Oxford.
9. Marshall, A, (1946), Principles of Economics, Macmillanm, London,
Marshallian Welfare Economics, Consumer’s Surplus;
10. Myint,H.(1948), Theories of Welfare Economics, Longmans,
Measurement of Consumer’s Surplus-Difficulties involoved, 11. Ng Y.K.(1979), Welfare Ecxonomics, Macmillan, London.
Criticism, Principle of Compensating Variation;Hick’s 12. Nicholas,B.(Ed.)(2001), Economic Theory and the Welfare state,
Consumer’s Surpluses; Consumer’s Surplus and Tax-Bounty Edward Elgar Publishing Ltd. U.K.
13. Pigou, A.C.(1962), The Economics of Welfare (4th Edition),
Unit-III : Paretian Welfare Economics- I Macmillan.
Pareto optimality- Optimum exchange conditions, The 14. Quirk, J. and R Saposnik (1968) Introduction to General Equilibrium
production optimum, The consumption optimum. Concept Theory and Welfare Economics McGraw Hill, New York.
of contract curve; Top level optimum, Infinite number of non-
36 37
15. Samuelson, P.A.(1947),Foundations of Economic Analysis, Harvard Unit-III : Laws of Business Organizations
University Press, Cambridge, Mass. Structure of firm-Kinds, Corporations, Corporate vest, Capital,
16. Baumol, W.J. & Oates, W.E.Economics, Environmental Policy & the Shares, Debentaures, Insiders trading, Antitrust,RBI, IRDA,
Quality of Life. MRTP,Role of SEBI, Economics of mergers, Amalgamations
17. Broadway, R.W. & Bruce N., Welfare Economics and takeovers.
18. Dasgupta, R.: The Control of Resources. Unit-IV : Economic Theory of Crime and Panishment, Macro
19. Deaton, A. & Muellbauer, Economics and Consumer Bahaviour. Economics and Law
20. Doel,H, Democrary & Welfare Economics.
The traditional theory of criminal law; Economic theory of
21. Feldman, A.M., Welfare Economics & Social Choice Theory. crime and punishment, Does punishment deter crime? Efficient
22. Graf. J.D.V.Economics of Welfare. punishment; Efficacy of capital sentence; Addictive drugs
23. Mishan,E.J.,Welfare Economics : An Assessment. and crime; Plea bargaining; Reforms of criminal procedure
24. Pigou, A.C.,Welfare Economics. and Fatility Thesis, Law relating to economic offences,
25. Quirk, J & Saposnik, Introduction to General Equilibrium. Theory & corruption and human rights.
Welfare Economics. Law and distribution of income and wealth; Inequality;
26. Sen, A.K., Collective Choice and Social Welfare Contract theory of Distributive justice; Economic and social
27. Stiglitz,J.E., Economics of Public Sector costs of poverty;Wealth distribution by Liability Rules;
28. Turvey,R., Economic Analysis and Public Enterprises. Taxation and efficiency; Personal and corporate taxation;
29. Hassan, R.F., Welfare Economics. Progressive principle; Economics of federalism; Freedom of
Inter-state trade and commerce; National and global
environmental problems and international environmental
ECONOMICS AND LAW agreements-their legal and economic implications; Economics
Unit-I : Introduction of social sector, disinvestment in PSUs.

Economic analysis of law- Introduction to legal Unit-V : International Aspects

reasoning,Efficiency, GATT/WTO -TRIPS and TRIMS; Export-import policy,
Custom duties; MNCs and Direct foreign investment; FEMA.
Markets and efficiency, Market failure; Coase theorem and
related ideas, welfare economics, Compensation principles; Books Recommended:
social welfare function; Maximization problem; Nature of 1. Bouckaert,B and G De Geest(Ed.)(1999), Encyclopaedia of Law and
economic reasoning; Economic approach to law- History and Economics,(Volume I o V),Edward Elgar Publishing Ltd., U.K.
criticism. 2. Cooter,R.D. and T.S Ulen, (2000),Law and Economics, Addison
Unit-II : An Introcution to Law, Legal Institutions and Laws relating Wesley, New York.
to Consumer Activities. 3. Dan-Schmidt, K.G. and T.S. Ulen,(Ed)(2000), Law and Economic
Anthology,(3rd Edition), Addision Wesley, New York.
The Civil Laws and the Common Law Traditions, The
4. Newman,P.(Ed.) (1998), The New Palgrave Dictionary of Economics
institutions of the federal and State Court systems, The nature and Law, Stockton Press, New York.
of legal dispute, how legal rules evolve. 5. Oliver, J.M.(1997), Law and Economics, George Allen and
Bargain theory, Economic role of contract; Economic theory Unwin,London.
of contract, Remedies as incentives, formation, defences and 6. Posner,R.A.(1998), Economic Analysis of Law,(5th Edition), Little
performance excuses; Duress; Bargaining power and Brown, Boston.
unconscious ability, Defining Tort law, economics, of Tort 7. Posner, R.A. and F. Parisi (Eds) (1997),Law and Economics, Edward
Liability, Tort Liability and economic models, Economics of Elgar Publishing Ltd. U.K.
accidents fault, victim, fault and strict liability ; Function of
damages; Consumer protection; Consumer courts.
38 39
8. Massey, I.P.(1995), Administrative Law, Eastern Book, Company, Confidence intervals and level of significance; HYpothesis
Lucknow. testing based on Z, t, x2 (Chi-square)and Ftests; Type 1 and
9. India Law Institute, Annual Survey of Indian Law, Indian Law Type 2 errors.
Institute N. Delhi. Unit-V : Statistical Methods -V
OPTIONAL PAPER -VIII Time Series: Characteristics behaviour of Time Series,
Measurement of Trends, Fitting and Interpretation of trend,
Measurement of seasonal and cyclical variations.
(Economic Statistics)
Index Numbers: The concept of an lndex Number, Price Index
Unit-I : Statistical Methods -I Numbers: Average and Aggregate types, Construction of a
cost of Living Index Number.
Scope uses and limitations of statistics, Methods of data
collection. tabulation. graphs,measures of Central Tendancy, Books Recommended:-
measures of Dispersion and Skewness. 1. Allen, R.G.D.(1974), Mathematical Analysis for Economists,
Macmillan Press and ELBS, London.
Unit-II : Statistical Methods -II
2. Chiang, A.C.(1986), Fundamental Methods of Mathematical
Meaning, assumptions and limitations of simple correlation Economics, McGraw Hill, New York.
and regression analysis; Pearson’s product moment and 3. Gupta, S.C.(1993),Fundamentals of Applied Statistics, S.Chand &
spearman’s rank correlation coefficients and their Sons, New Delhi.
properties;Concept of the least squares and the lines of
4. Handry, A.T.(1999), Operations Research, Prentice Hall of India,
regression; Standard error of estimate; Partial and multiple
correlation and regression(applications only), Methods of 5. Speigal,M.R.(1992), Theory and Problems of Statistics, McGraw. Hill
estimation of non-linear equations- parabolic, exponential, Book Co., London.
geometric, modified exponential, Gompertz and logistic 6. Taha, H.A. (1997),Operations Research. An Introduction (6th
relationships. Edition), Prentice Hall of India Pvt. Ltd. New Delhi.
Unit-III : Statistical Methods-III 7. Yamane, Taro (1975),Mathematics for Economists, Prentice Hall of
Deterministic and non-derministic experiments, Various types India New Delhi.
of events classical and empirical definitions of probability, 8. Baumol,W.J.(1984), Economic Theory and Operations Analysis,
Laws of addition and multiplication; Elementary concept of Prentice Hall, Englewood Cliffs, New Jersey.
random variables, Probability, mass and density functions; 9. Monga, G.S.(1972),Mathematics and Statistics for Economists, Vikas
Expectations, moments and moment generating functions; Publishing House, New Delhi.
Properties (without derivations) of Binomial,Poisson and 10. Mathur, P.N. and R. Bharadwaj (Eds.) (1967), Economic Analysis in
Normal distributions. Input Output Research input-output Research Associating of India,
Indian Statistics- CSO, NSSO, Recent Population Census, Pune.
Agricultural and Industrial Statistics. 11. Kothari, C.R. (1992), An Introduction to Operations Research,Vikas
Unit-IV : Statistical Methods- IV Publishing House, New Delhi.
12. Goon, A.M., M.K.Gupta and B Dasgupta (1993), Fundamentals of
Basic concept of sampling-random and non-random sampling;
Statistics,Vol.1, The World Press Ltd. Calcutta.
Simple random; stratified random and p.p.s sampling; Concepts
of an estimator and its sampling distribution; Desirable 13. Govt. of India, Guide to Current Official Statistics, Vol.I & Vol.II
properties of an estimator, formulation of statistical 14. Govt. of India, Publications of C.S.O.
hypotheses- Null and alternative ; Goodness of fit;. 15. Gupta C.B., An In Introduction to Statistical Methods
16. Gupta, S.P., Statistical Methods
17. Karmel, Applied Statistics for Economics
40 41
18. Mills, F.C.,Statistical Methods Unit-V : Mathematical Methods-III
19. Taro Yamane: Statistics- An Introductory Analysis Linear Programming Basic concept; Formulation of a linear
20. Hooda, R.P.,Statistics- An Introductory Analysis programming problem- It’s structure and variables;Nature of
21. Elhance, D.N.Fundamentals for Business and Economics. feasible, basic and optimal solution; solution of linear
22. Elhance, D.N.Practical Problems in Statistics programming through graphical and simplex method,
23. Elhance, D.N.Indian Statistics Formulation of the dual of a programme and its interpretation;
24. Gupta & Gupta, Practical Statistics Shadow prices and their uses; Concept of duality and
25. Sancheti & Kapoor, Statistics. statement of duality theorems, Concept of a game; Strategies-
simple and mixed, value of a game, saddle point solution,
OPTIONAL PAPER-IX simple applications.
(Econometrics-I) 1. Gujarati, Damodar : Basic Econometrics.
2. Intriligator: Econometric Models, Techniques & Applications
Unit-I : Introduction.
3. Johnston,J.: Econometric Methods.
Definition and scope of economitrics, Importance of 4. Koutsoyannis, A : Theory of Econometrics
Econometrics. The Methodology of econometric research,
5. Maddala: Econometric Methods
Econometric Model; Basic concepts of estimation.
6. Mehata & Mehta: Fundamentals of Econometrics
Unit-II : Algebra 7. Singh,S.P., Parashar, A.K. & Singh H.P. Econometrics and
Indices, Quadratic Equations, Arithmetic & Geometric Mathematical Economics.
Progressions, Binomial Theorem; Sets, Operations on sets; 8. Theil, H : Introduction to Econometrics.
Equation of a straight line; Slope of line; Intercepts. 9. Yamane, Taro : Mathematics of Economics.
Unit-III : Mathematical Methods-I OPTIONAL PAPER-X
Concept of function and types of functions, Limit, continuity HISTORY OF ECONOMIC THOUGHT
and derivatives; Rules of differentiation, Interpretation of
Unit-I : Mercantalism and Physiocracy.
revenue, cost, demand,supply functions; Rules of partial
differentiation and interpretation of partial derivatives; Unit-II : Classical Economics : Adam Smith, Benthem and
Problems of maxima and minima, Unconstrained and Utilitarianism, Ricardo, Malthus, J.B. Say and J.S.Mill.
constrained Optimization in simple economic problems, Simple Unit-III : Sismondi, St.Simon, Robert Owen, Proudhon, Nationalists,
problems in market equilibrium, concept of integration; Simple Historical School & Socialistic School of Thought.
rules of integration, Application to Consumer’s surplus;
Unit-IV : Development of Subjective Economics, Marxism, Fabianism,
Growth rates and simple properties of time path of continuous
Guild Socialism, Marshall, Keynes.
Unit-V : Economic Thought in India : Kautilya, Dadabhai Naoroji,
Unit-IV : Mathematical Methods-II
R.C.Dutta, M.G.Ranade, C.N.Vakil, V.K.R.V. Rao,
Determinants and their basic properties; Solution of B.R.Ambedkar, M.K.Gandhi, Jawaharlal Nehru, Amartya Sen.
simultaneous equations through Cramer’s rule; Concept of
Books Recommended:
matrix-their types, simple operations on matrices, matrix
inversion and rank of a matrix, Introduction to input-output 1. Ambedkar, B.R.: States and Minorities.
analysis, Difference equations- solution of first order and 2. Bell,F. History of Economic Thought
second order Difference equations; Applications in trade 3. Bhatnagar & Others : A History of Economic Thought
cycle models; lagged market. Equilibrium models. 4. Bhatta, H.L.: History of Economic Thought.
5. Chamberlin: The Firm,Microeconomic Planning & Activities.
42 43
6. Datta, Bhabatosh: Indian Economic thought (Twentieth Century M.A.Part-II
7. Desai,S.S.M.:Development of Indian Economic thought PAPER-I : ECONOMICS OF GROWTH AND DEVELOPMENT
8. Desai, S.S.M.& Bhalerao, N. : Industrial Economy of India
Unit-I Economic Growth
9. Ghosh B.N.:Indian Economic Thought (Nineteenth Century
Perspective) Economic growth and development - Factors affecting
10. Ghosh B.N. & Ghosh Rama : Concise History of Economic Thought economic growth capital labour and technology Growth
11. Gide & Rist : History of Economic Thought models- Harrod and Domar, instability of equilibrium Neo-
classical growth models-solow and Meade, Mrs. Joan
12. Gray, Alexander: A History of Economic Thought
Robinson’s growth model Cambridge criticism of Neo-
13. Haney,L.H.: History of Economic Thought
classical analysis of growth. The capital controversy.
14. IEA(1997): Conference Volume : Economic Thought of VKRV Rao
15. Kasare, M.L.: Economic thought of Dr. B.R. Ambedkar. Technological progress -embodied and disembodied
technical progress; Hicks, Harrod learning by doing
16. Kuber W.N.: Dr. Ambedkar- A critical study.
production function approach to the economic growth Total
17. Loknathan : History of Economic Thought
factor productivity and growh accounting, Growth models
18. Massani,R.P.: Dadabhai Naoroji- Builders of Modern India. of Kaldor, golden rule of accumulation, Two-sector model
19. Mithani D.M.: History of Economic Thought Stability of equilibrium. moneyin economic growth Tobin,
20. Paul,R.R.: A History of Economic thought Patinkin and johnson, Endogenous growth-Intellectual capital
21. Roll, Eric : History of Economic Thought. role of learning education and research A.K. model
22. Srivastava S.K.: History of Economic Though. Explanations of cross country differentials in economic
23. ∫…Ω˛∫j…§…÷vn‰˘, ¥Ω˛“.V…“. : +l…«∂……∫j……S…… < i…Ω˛…∫… growth.

24. n‰˘∫……<«, ™…‰¥…≥‰˝EÚÆ˙ : +…Ãl…EÚ  ¥…S……Æ˙…SΔ …… < i…Ω˛…∫… Unit-II : Social and Institutional Aspects of Development

25. E÷Ú§…Ɖ̇, ¥…….x……. : b˜….Ï +…Δ§…‰b˜EÚÆ˙  ¥…S……Æ˙ ®…Δl…x… Development and underdevelopment - Perpectuation of
underdevelopment Poverty- Absolute and relative :
26. J……Δn˘‰¥……±…‰ ¥… x…‰Ø˚≥˝EÚÆ˙ : +l…«∂……Œ∫j…™… ®…i…|…h……±…“S…… < i…Ω˛…∫… Measuring development and develpment gap — Per capita
27. ¥…Ë∂™…, B®….∫…“. : +…Ãl…EÚ  ¥…S……Æ˙…EΔ‰ Ú… < i…Ω˛…∫… income, inequality of income, Human development index and
other indices of development and quality of life- Food
***** sccurity, education, health and nutrition; Human resource
development- Population problem and growth pattern of
population- Theory of demographic transition; Population
as limits to growth and as ultimate source Population,
poverty and environment, Economic development and
institutions markets and market failure, state and state failure,
issues of good governance
Unit-III : Theories of Development and Approaches to Development
Classical Theory of development- contributions of Adam
Smith,Ricardo, Malthus and James Mill, Karl Marx and
development of capitalistic economy theory of social change
surplus value and profit, Immutable laws of capitalist
development Crisis in capitalism, Schumpeter and capitalistic
development, innovation-role of credit, profit and
degeneration of capitalism, Structural analysis of
development, Imperfect market paradigm.
44 45
Partial theories of growth and development- vicious circle 3. Brown, M. (1966) On the Theory and Measurement of Technical
of poverty, circular causation, unlimited supply of labour, bit Change Cambridge University Press, Cambridge, Mass.
push, balanced growth unbalanced growth, critical minimum 4. Chenery, H.B. et. al (Eds) (1974) Redistrubution with Growth, Oxford
effort thesis, low-income equilibrium trap; Dualism - technical, University Press Oxford.
behavioural and social; Dependency theory of devolopment 5. Chenery, H. and T.N. Srinivasan (Eds.) (1989) Handbook of
Structural view of development. Development Economics, Vol, 1 & 2 Elsevier, Amsterdam.
Unit-IV : Sectaral Aspects of Development, Trade and Economic 6. Dasgupta P (1993) An Enquiry into Well-being and Destitution,
Development Clarendon Press Oxford.
7. Ghatak, S (1986) An Introduction, to Development Economics, Allen
Role of agriculture in economic development Efficiency and and Unwin, London.
productivity in agriculture New technology and sustainable 8. Gills, M. D.H. Perkins, M Romer and D.R. Snodgrass (1992) Economics
agriculture, Globalization and agricultural growth Rationale of development (3rd Ed) W.W.Norton, New York.
and pattern of industrialization in developing countries, The 9. Gimmell, N. (1987) Surveys in Development Economics,Blackwess,
choice of techniques and appropriate technology and Oxford.
employment Efficiercy of small scale vs. large-scale 10. Higgins, B (1959) Economic Development W.W. Norton, New York.
production, Terms of trade between agriculture and industry, 11. Hogendorn, J. (1996) Economic Development Addison, Wesley, New
infrastructure and its importance Labour markets and their York.
functioning in developing countrics. International trade as 12. Kahkonon. S and M. Olson (2000) A New Institutional Approach to
engine of growth, Static and dynamic gains from trade Economic Development Vistaar.
Prebisch, Singer and Myrdal thesis vs. free trade; Export led 13. Kindleberger, C.P. (1977) Economic Development (3rd Ed) McGraw
geowth Balance of payments Tariffs and effective protection, Hill, New York.
Post-GATT international economic order, WTO and 14. Mcicr, G.M. (1995) Leading Issues in Economic Development (6th Ed.)
developing countries. Oxford University Press, New Delhi.
Unit-V : Macroeconomic Policies and Development Allocution of 15. Myint, H. (1965) The Economics of Underdeveloped Countries,
Resources Planning and Development. Preager, New York.
16. Myint, H. (1971) Economic Theory and Underdeveloped Countries,
Role of monetary and fiscal policies in developing countries
Oxford University, Press, New York.
- Prior savings inflation and growth - Empirical evidence
17. Todara, M.P. (1996) (6th Ed) Economic Development Longman London.
External resources - FDI and vs. trade technology inflow,
18. Thirwal A.P.(1999) (6th Ed.) Growth and Development Macmillan, U.K.
MNC activity in developing countries. Borrowings domestic
19. Chakravarti, S. (1982) Alternative Approaches to the Theory of
and external Burden of borrowing IMF and World Bank
Economic Growth Oxford University Press, New Delhi.
policies in developing countries.
20. Hayami, Y (1997) Development Economics, Oxford University Press,
Need for investment, criteria in developng countries present New York.
vs, future Alternative investment critera Cost benefit analysis, 21. Meadows. D.H. et. al. (1972) The Limits to-Growth. Universe Books,
Shadow prices, Project evaluation and UNIDO guidelines. New York.
Need for planning, democratic, decentralized and indicative 22. Lingaiah Kamati (2001) Economic, Growth and development Models,
planning, microlevel planning Review of Indian Plan models S Chand, New Delhi.
and planning. 23. Sen, A.K. (Ed.) (1990) Growth Economics, Penguin, Harmondsworth.
24. Solow, R.M. (2000) Growth theory An Exposition, Oxford University
1. Adelman, I (1961), Theories of Economic Growth and Development 25. Therberge, J.D. dt. al. (1968) Economics of Trade and Development
Stanford University Press Stanford. john Wiley, New York.
2. Behrman, S, and T.N. Srivivasan (1995) Handbook o of Development 26. Hirsch A.O. (1958) The Stralegy of Economic Development,Yale
Economics, Vol, 3, Elsevier Amsterdam. University Press, New York.
46 47
27. Mehrotra, S and J, Richard (1998) Development with a Human Face, comparative cost Heckscher- Ohlin theory of trade role of
Oxford University, Press, New Delhi. dynomic factors, i.e. changes in tastes. technology and
28. Dasgupta P, A.K. Sen and S. Marglin (1972), Guidelines for Project measurement of intra industry trade and its impact on
Evaluational UNIDO Vienna. developing economics.
29. Mehrotra, S. and J. Richard (1998) Development with a Human Face, Unit-II : Measurement of Gains and Theory of Interventions.
Oxford University Press New Delhi.
30. Ranis, G and Mahmood (1992) Political Economy for Development Measurement of gains from trade and their distribution
Blackwell, Cambridge, Mass. Concepts of terms of trade, their uses and limitations,
31. Chakravarti, S (1987) Development Planning The Indian Experience, Hypothesis of secular deterioration of terms of trade its
Clarendon Press Oxford. empirical relevance and policy implications for less developed
32. Bhagwati J. and P Desai (1970, India , Planning for Industrialization, countries Trade as an engine of economic growth Welfare
Oxford University Press, London. implications- Empirical evidence and policy issues The theory
33. Kuznets, Simon (1971) Economic Growth of National, Total Ouput and of Interventions (Tariffs, Quotas and non-tariff barriers)
Production Structure, Harvard University Press, Cambridge, Mass. Economic effects of tariffs and quotas on national income,
34. Little, I.M.D. (1992) Economic Development Theory and International output employment terms of trade income distribution Balance
Relations Basic Books. New York. of payments on trading partners both in partial and general
36. Brahmananda P.R. and C.N. Vakil (1956) Planning for an Expanding equilibrium analysis, The political economy of non-tariff
Economy Vora dn Co, Bombay. bariers and their implications, nominal, effective and optimum
37. Gupta S.B. (1988) Monetary Economics Institutions Theory and rates of tariffs-their measurement, impact and welfare
Policy S Chand and Co, New Delhi. implications, Trade under imperfectly competitive market.
38. Jadhav. N (1995) Monetary Economics for India, Macmillan New Delhi. Unit-III Balance of Payments.
39. World Bank ((1993) East Asian Miracle, World Bank Report
Meaning and components of balance of payments,
Washington D.C.
Equilibrium and disequilibrium in the balance of payments,
40. Mishan, E.J. (1975) Cost-Benefit Analysis, (2nd Ed.) Allen and Unwin,
The Process of adjustment under systems of gold standard,
fixed exchange rates and flexible exchange rates, Expenditure-
41. Agrawal , A.N. & V.B. Singh Economics of Underdevelopment
reducing and expenditure- switching policies and direct
42. Hirschman, A.C. The Strategy of Economic Development.
controls for adjustment Policies for achieving internal and
43. Leibenatin, H. Economic Backwardness and Economic Growth.
external equilibrium simultaneously under alternative
44. Misra, S.K. & Puri, V.K. Economics of Development and Planning
exchange rate regimes. A critical review of the monetary
Himalaya Publishing House.
approach to the theory of balance of payments adjustment
45. Schumpeter. J.A. The Theory of Economic Development.
Foreign trade multiplier with and without foreign
46. Sen A.K. Choice of Technique.
repercussions and determination of national income and
47. Zingan, Economics of Development and Planning.
output Relative merits and demirits of fixed and flexible
48. °Úb˜h…¥…“∫…, ®…fih…… ±…x…“,  ¥…EÚ…∫……S…‰ +l…«∂……∫j… ¥…  ∫…vn˘…iΔ …. exchange rates in the context of growth and development
49. EÚ ¥…®…Δb˜x…,  ¥…EÚ…∫……S…‰ +l…«∂……∫j… ¥…  x…™……‰V…x…. in developing countries.
50. À∫…Ω˛, B∫….{…“. : +…Ãl…EÚ  ¥…EÚ…∫… B¥…Δ  x…™……‰V…x…, B∫….S…xn˘, x…<«  n˘±±…“. Unit-IV : The Theory of Regional Blocks.

PAPER -II INTERNATIONALTRADE AND FINANCE Forms of economic cooperation, Reforms for the emergence
of trading blocks at the global level Static and Dynamic
Unit-I Theory of International Trade. effects of a customs union and free trade areas Rationale and
The pure theory of international trade- Theories of absolute economic progress of SAARC / SAPTA and ASEAN regions,
advantage comparative advantage and opportunity costs. Problems and Prospects of forming a customs union in the
Modern theory of international trade, Theorem of factor price Asian region Regionalism (EUNAFTA), Multilateralism and
equalization, Empirical testing of theory of absolute cost and WTO, Rise and fall of gold standard and Bretton- woods
48 49
system Need, adequacy and determinants of international 10. Soderston, Bo (1991) International Economics The Macmillan Press
reserves, Conditionality clause of IMF Emerging International Ltd. London.
Monetary System with special reference to Post Maastrishit 11. Bhagwati J. (Ed) (1981) International Trade,. Selected Readings,
developments and developing countrics, Reform of the Catribridge University Press Mass.
International Monetary System, India and developing 12. Corden.W.M. (1965) Recent Developments in the Theory of
countries, Reform of the International Monetary System, international Trade Princetion University Press Princeton.
India and developing countries, Theory of short-term capital 13. Greenway D (1983) International Trade Policy, Macmillan Publishers
movements and East-Asian Crisis and lessons for developing Ltd. London.
countries, International trade and financial institutions - 14. Aggarwa, M.R. (1979) Regional Economic Cooperation in South Asia,
Functions of GATT/WTO (TRIPS, TRIMS), UNCTAD, IMF, S. cand & Co, New Delhi.
World Bank and Asian Development Bank-Thier 15. Bhagwati J (1988) Protectionism Cambridge University Press, Mass.
achievements and failures WTO and World Bank from the 16. Goldstein, M.(1998) The Asian Financial Crisis, Causes, Careand
point of view of India. Systematic Implication, Institute for International conomics,
Unit-V : Trade Policies in India. Washington, D.C.
17. Jackson, J. (1989) The World Trading System, Cambridge University
Trade problems and trade policies in India during the last
Press, Mass.
five decades, Recent changes in the direction and
18. Heller, H. Robert (1968) International Monetary Economics, Prentice
composition of rade and their implications, Rationale and
Hall, India.
impact of trade reforms since 1991 on balance of payments,
19. Niehans, J. (1984) International Monetary Economics John Hopking
employment and growth Problems of India’s international
University Press, Baltimore.
debs, Working and regulations of MNCs in India Instruments 20. Brahmananda, P.R. (1982) The IMF Loan and India’s Economic Future,
of export promotion and recent import and export policies Himalaya Publishing House, Bombay.
and agenda for future. 21. Kindleberger, C.P. (1996) A History of Financial Crisis; Manias, Panics
and Crasher, (3rd Ed.) John Wiley and Sons, New York.
22. Manmohan Singh (1964) India’s Export Trends and the prospects for
1. Bhagwati J. (Ed) (1981) Intenational Trade Selected Reading Self-sustained-Growth, Oxford University Press, New Delhi.
Cambridge, University Press, Massachusetts. 23. Mundell, R. (1968) International Economics, The Macmillan Company
Carbough, R.J. (1999) International Economics, International Ltd. New York.
Thompson Publishing New York. 24. Panchmukhi V.R. (1978) Trade Policies of India - A Quantitative
2. Chacholiades, M. (1990) International Trade : Theory and Policy, Analysis, Concept Publishing Company New Delhi.
McGraw Hill, Kogakusha Japan. 25. Bhagwati J and P Desai (1970) India, Maning for Industrialization
3. Dana. M.S. (2000) Internationa Economics Study, Guide and Work Oxford University Press. London.
Book, (5th Ed) Routledge Publishers London. 26. Mithani D.M. (2003) “International Economics”, Himalaya Publishing
4. Dunn. R.M. and J.H. Mutti (2000) International Economics Routledge, Hourse Mumbai.
London. 27. Desai S.S.M. and N. Bhalerao (2003) “International Economics”
5. Kenen, P.B. (1994) The International conomy, Cambridge university Himalaya Publishing Hourse, Mumbai.
Press. London. 28. Brahmananda, P.R. and V.R. Panchmukhi (Eds) (1987) The
6. Kindlcberger, C.P (1973) International Economics R.D. Irwin Development Process of the Indian Economy, Himalaya Publishing
Homewood. House Bombay.
7. King PG, (1995) International Economics and International Economic 29. Joshi, V. and I.M.D. Little (1998) India’s Economic Reforms, 1999-2000,
Policy : A Reader McGraw Hill International Singapure. Oxford University Press, New Delhi.
8. Krugman, P.R. and M Obstfeld (1994) International Economics : 30. Patel, S.J. (1995) Indian Economy Towards the 21st Century, University
Theory and Policy Glenview Foresman. Press Ltd. India.
9. Salvatore, D. (1997) International Economics, Prentice Hall,Upper Saddle 31. Satyanarayan, B. (1986) India’s Trade with Asia and the Far East
River N.J. New York. Countries, B.R. Publishing Corp, New Delhi.
50 51
32. Verma, M.L (1995) International Trade, Vikas Publishing Hourse Pvt. Unit-IV Public Finances, Money, Banking and Prices
Ltd. Delhi. Fiscal federalism - Centre-state financial relations, Finances
33. A.E.A. Readings in International Economics. of central government Finances of State governments,
34. Desai & Bhalerao, International Economics. Parallel economy, Problema relating to fiscal policy, Fiscal
35. Ellsworth, P.T. The International Economy. sector reforms in India.
36. Gottfried V.& Haberler, The Theory of International Trade.
37. Harrod, R.F. International Economics Analysis of price behaviour in India, Financial sector reforms,
38. Viner, J. Studies in the Theory of International Trade Interest rate policy Review of policy of RBE Money and capital
markets, Working of SEBI in India.
39. §……{…]ı, ¶….M…., +…Δi…Æ˙Æ˙…π]≈ı“™… +l…«∂……∫j….
40. ®……‰b˜EÚ, ∂…Δ.E‰Ú., +…Δi…Æ˙Æ˙…π]≈ı“™… +l…«∂……∫j…. Unit-V External Sector and Economic Reforms.
Group-B : Optional Papers Structure and direction of foreign trade; Balance of payments;
issues in export-import policy and FEMA; Exchange rate
Paper-I : Indian Economic Policy policy Foreign capital, and MNCs in India, The progress of
trade reforms in India.
Unit-I Economic Development its Determinunts and Plannning in
India. Rationale of internal and external reforms; Globalisation of
Indian economy, W.T.O. and its impact on the different sectors
Approaches to economic developmen and its measurement -
of the economy, Need for and issues in good governance,
sustainable development, Role of State, market and other
Issues in competition and safety nets in Indian economy.
institutions, Indicators of development PQLI, Human
Development Index (HDI) gender development indices, BASIC READING LIST.
Objectives and strategy of planning Failures and
1) Ahluwalia I.J. and I.M.D. Little (Eds) (1999) India’s Economic Reforms
achievements of Plans Developing grass- root organizations
and Development (Essays in honour of Manmohan Singh), Oxford
for development-Panchayais, NGOs and pressure groups.
University Press, New Delhi.
Unit-II Demographic Features, Poverty, Inequality, Resource Base 2) Bardhan, P.K. (9th.Ed.) (1999) The Political Economy of Development
and Infrastructure in India, Oxford University Press, New Delhi.
Broad demographic features of Indian population, Rural- 3) Bawa, R.S. and P.S. Raikhy (Ed) (1997) Structural Changes in Indian
urban migration Urbanization and civic amenities, Poverty Economy, Guru Nanak Dev University Press, Amritsar.
and Inequality. Energy; Social infrastructure- education and 4) Brahmananda, P.R. and V.T. Panchmukhi(Ed) (2001) Development
health, Environment; Regional imbalance, issues and policies Experience in Indian Economy Inter-State Perspectives, Bookwell,
in financing infrastructural development. Delhi.
5) Chakravarty, S (1987) Development Planning; The Indian Experience,
Unit-III The Agricultural Secor and The Industrial Sector. Oxford University Press, New Delhi.
Institutional Structure- land reforms in India,Technological 6) Dantwala, M.L. (1996) Dilemas of Growth The Indian Experience, Sage
change in agriculture- pricing of agricultural inputs and Publications, New Delhi.
output; Terms of trade between agriculture and industry, 7) Datt. R. (Ed.) (2001) Second Generation Economic Reforms in India,
Agricultural finance policy, Agricultural Marketing and Deep & Deep Publications, New Delhi.
Warchousing Issues in food security- policies for sustainable 8) Government of India, Economic Survey, (Annual) Ministry of Finance
agriculture. Industrial policy Public Sector enterprises and New Delhi.
their performance, Problem of sick units in India; in India 9) Jain,A.K. (1986), Economic Planning in India, Ashish Publishing House,
Privatisation and disinvestrnents debate, Growth and patterns New Delhi.
of industrialization Small-scale sector, Productivity in 10) Jalan, B, (1996) India’s Economic Policy- Preparing for the Twenty
industrial sector, Exit policy - issues in labour market reforms; First-Century Viking New Delhi.
Approaches for employment generation.
52 53
11) Joshi, V. and I.M.D. Little (1999) India, Macro Economics and Political 31) Ahluwalia, L.J. (1985) Industrial Growth in India, Oxford University
Economy, 1964-1991, Oxford University Press, New Delhi. Press, New Delhi.
12) Parikh, K.S. (1999) India Development Report 1999-2000, Oxford 32) Datta. B. (1978) Economics of Industrialization, The Bookland Calcutta.
University Press, New Delhi. 33) Mookherjee, D. (Ed.) (1997) Indian Industry: Policies and Performance,
13) Reserve Bank of India, Report on Corrency and Finance (Annual) Oxford University Press, New Delhi.
14) Sandesara, J.C. (1992) Industrial Policy and Planning 1947-1991 : 34) Bhargava, P.K. (1991) India’s Fiscal Crisis, Ashish Publishing House,
Tendencies Interpretations and Isues, Sage Publications, New Delhi. New Delhi.
15) Sen, R.K. and B. Chatterjee (2001), Indian Economy: Agenda for 21st 35) Chelliah, Raja J. (1996) Towards Sustainable Growth- Essays in Fiscal
Contury (Essays in honour of Prof. P.R.Brahmanands) Deep & Deep and Financial Sector Reforms in India, Oxford University Press, New
Publications, New Delhi. Delhi.
16) United National Development Programme.(1997) Human Development 36) Gupta S.P. (1998), Post Reform india: Emerging Trends. Allied Publishers,
Report Oxford University Press, New Delhi. New Delhi.
17) United National Developent Programme, (199) Human Developent 37) Mundle.S. (1999) Public Finance : Policy Issucs for India, Oxford
Report Oxford university Press. New Delhi. University Press, New Delhi.
18) Byres, T.J.(Ed.) (1998) The Indian Economy: Major Debates Since 38) Rangarajan,C. (1998) Indian Economy Essays on Money and Finance
Independence Oxford University Press, New Delhi. UBS, New Delhi.
19) Government of India, Planning Commission (1999) Ninth-Five Year 39) Reserve Bank of India, Report on Currency and Finance (Annual)
Plan, 1997-2002, Vol I & II New Delhi. 40) Mukherjee, N. (1988) India’s International Payments, Imbalances, Mayur
20) Kabra, K.N.(1997), Development Planning in India Sage Publications, Offset Calcutta.
New Delhi. 41) Sen, S. (2000) Trade and Dependence; Essys on the Indian Economy,
21) Brahmananda, p.R. and V.R. Panchmukhi (Eds) (1987), The Sage Publications New Delhi.
Development Precess of the Indian Economy, Himalaya Publishing 42) Verma, M.L. (1995), International Trade, Vikas Publishing, House Private
Hourse, Bombay. Ltd. Delhi
22) Chelliah, Raja J and R. Sudarshan (1999), Income Poverty and 43) Chelliah, Raja J. and R. Sudarchan (1999) Income, Poverty and Beyond
Beyond: Human Development in India, Social Science Press, New Human Development in India, Social Science Press, New Delhi.
Delhi. 44) Dhameeja. N and K.S. Sastry (1998) Privatisation; Theory arid Practice,
23) Dandekar, VM. (1996) the Indian Economy, 1947-92, Vol.II Sage A H Wheeler, New Delhi.
Publications New Delhi. 45) Dubey, M. (1996), An Unequal Treaty: World Trading Order After
24) Hanumantha Rao, C.H. and H. Linnemann (Eds) (1996) Economic GATT. New Age International Ltd. Delhi.
Reforms and Poverty Alleviation in India, Sage Publications, New 46) Srinivasan T. N. (Ed.) (2000) Eight Lectures on India’s Economic
Delhi. Reforms, Oxford University Press, Oxford.
25) Subramanian, S. (Ed.) (1997) Measurement of Inequality and Poverty, 47) Bagchi, A. The Political Economy of Underdevelopment in India.
Oxford University Press, Calcutta. 48) Bhagwati, J & Desai, P. India Planning for Industrialization
26) World Bank (2000), India; Reducing Poverty, Accelerating conomic 49) Ghosh, Alak Indian Economy.
Development Oxford University Press, New Delhi. 50) Misra & Puri, Indian Economy, Himalaya Publishing House, Mumbai.
27) Frederick, H and A.M. Charles (1970) Education, Manpower and 51) Ruddar Dutta & Sundharam, K.P.M. Indian Economy.S. Chand, New
Economic Growth, New Delhi. Delhi.
28) Tilak, J.B.C. (1993) Costs and Financing of Education in India: A Review 52)  ®…∏…, {…÷Æ˙“ : ¶……Æ˙i…“™… +l…«¥™…¥…∫l……,  Ω˛®……±…™… {…Œ§±…À∂…M… Ω˛…>∫…, ®…÷§Δ …<«.
of Issues, Problems and Prospects (Mimeo),National Institute of
53) ∞¸p˘n˘k… B¥…Δ ∫…÷nΔ ˘Æ˙®…, ¶……Æ˙i…“™… +l…«¥™…¥…∫l……, B∫….S…Δn˘, x…<«  n˘±±…“.
Educational Planning and Administration, New Delhi.
29) Appu, P.S. (1996) Land Reforms in India, Vikas, New Delhi.
30) Narain, D. (1988) Studies on Indian Agriculture, Oxford University
Press, New Delhi.
54 55
Paper-II : Economics of Social Sector And Environment Unit-IV Economics of Education
Unit-I: Welfare Economics, Social Sectors, Environment and Education as an instrument for economic growth, Human
Measurement of Environmental Values. capital vs. Physical capital, components of human capital,
Pareto optimality and competitive equilibrium; Demand for education- private demand and social demand,
Fundamental theorems of welfare economics, Externalities Determinants of demand, Cost of Education - Expenditure on
and market inefficiency- externalities as missing markets education, provate costs and social costs and wastage and
property rights and externalities, non-convexities and stagnation- Benefits of education - Direct and indirect
externalities Pareto optimal provision of public goods, benefits, private and social benefits, Educational planning
preference revelation problem and impure and mixed public and economic growth - Cost benefit analysis, production
goods, common property resources. function models, growth accounting equations of Schultz
and Denison, Manpower requirements approach,
Use values, Option values and non-use values; Valuation programming and input output models, Edcational financing
methods - Methods based on market behaviour Hedonic - Resource mobilization and utilization, pricing and subsidies
property values and household production models (travel and effects of educational financing on income distribution;
cost method and household healh production function) , Educational and labour market - Effects of education ability
Methods based on response to hypothetical markets, and family background on earnings, poverty and income
contingent valuation methods. distribution, education and employment, Economics of
Unit-II: The Theory of Environmental Policy. educational planning in developing countries with special
emphasis on India.
Environmental externalities - Pigouvian taxes and
subsidies, marketable pollution permits and mixed instruments Unit-V Health Economics
(the changes and standards approach) Coase’s bargaining Health dimensions of development Determinants of health
solution and collective action; informal regulation and the poverty malnutrition and environmental issues, Economic
new model of pollution control, Monitoring and enforcement dimensions of health care - demand and supply of bealth
of environmental regulation, Environmental institutions and care Financing of health care and resource constraints, The
grass root movements, Global environmental externalities concept of human life value, Theory and empirical studies of
and climatic change - Tradable pollution permits and reduction of health care, Inequalifies in health calss and
international carbon tax, Trade and environment in WTO gender perspectives, Institutional issues in health care
regime. delivery.
Unit-III Economics of Environment, Natural Resource Management
and Sustainable Development. BASIC READING LIST
Theories of optimal use of exhaustible and renewable 1) Baumol, W.J. and W.E. Cates (1988) The Theory of Environmental
resources, Environmental and development trade off and the Policy (2nd Ed.) Cambridge University Press, Cambridge.
concept of sustainable development, integrated 2) Berman P (Ed)(1995), Health Sector Reform in Developing Countries
environmental and economic accounting and the measurement Making Health Development Sustainable Boston: Harvard Series on
of environmentally corrected GDP; Macroeconomic policies Population and International Health
and environment. 3) Blaug M (1972) Introduction to Economics of Education Penguin,
Mechanism for environment regulation in India,
4) Bromely, D.W. (Ed.) (1995) Handbook of Environmental Economics,
Environmental laws and their implementation; Policy
Blackwell, London.
instruments for controlling water and air pollution and forest
5) Cohn, E. And T. Gaske (1989) Economics of Education,Pengamon Press,
policy People’s participation in the management of common
and forest lands. The institutions of joint forest management
6) Fisher, A.C. (1981) Resource and Environmental Economics,
and the joint protected area management, Social forestry -
Cambridge University press, Cambridge.
rationale and benefits.
56 57
7) Hanley, N.J.F. Shogem and B. While (1997), Environmental Economics 27) United Nations (1993), Integrate-I Environmental and Economics,
in Theory and Practice, Macmillan. Accounting, United Nations, New York.
8) Hussen, A.M. (1999), Principles of Environmental Economics, 28) Bhattacharya, R.N.(Ed.) (2001) Environment Economics An Indian
Routledge, London. Perspective Oxford University Press, New Delhi.
9) Jeroen, C.J.M. van den Berh (1999), Handbook of Environmental and 29) Chopra K and G.K. Kadekodi (1999) Operationalising Sustainable
Resource Economics, Edward Elgar Publishing Ltd. U.K. Development Economic-Ecological Modelling for Developing
10) Klarman, H.E. (1965) The Economics of Health, Columbia University Countries, Sage, New Delhi.
Press, New York. 29) Chopra, K and S.C. Gulati (2000) Migration and the Management of
11) Kolstan, C.D. (1999), Environmental Economics, Oxford University Common Property Resources A Study in Western India, Sage New
Press, New Delhi. Delhi.
12) Kolstad. C. D. (1999) Environmental Economics, Oxford University 30) Mehta, S.S. Mundle and U. Sankar (1995) Controlling Pollution
Press, New Delhi. Incentives and Regulation, SAGE New Delhi.
13) Pearce, D.W. and R. Turner (1991) Economics of Natural Resource Use 31) Murty M.N. A James and S Misra (1999), The Economics Water
and Environment, John Hopking University Press, Baltimore. Pollution in India. Oxford University Press. New Delhi.
14) Perman. R.Ma and J McGilvary (1996) Natural Resource and 32) Sengupta, R.P. (2001), Ecology and Economics, An approach to
Environmental Economics, Longman, London. Sustainable Development, Oxford University Press, New Delhi.
15) Sankar, U. (Ed.) (2001) Environmental Economics, Oxford University 33) Becker. G.S. (1974) Human Capital (2nd Ed) National Buireau of
Press, New Delhi. Economic Research, New York.
16) Schultz, T.W. (1971) Investment in Human Cpital, Press Press, New 34) Padmanabhan C.B. (1984) Education for Development in Asia,Sage
York. Publications, New Delhi.
17) Tietenberg T. (1994) Environmental Economics and Policy, harper 35) Tilak, J.B.G. (1994) Education for Development in Asia,SAge
Collins, New York. Publications, New Delhi.
18) Crones, R. and T. Sandler (1989) The Theory of Externalities and Public 36) Vaizey, J. (1962) Economics of Education, Faber and Faber, London.
Goods, Cambridge University Press, Cambridge. 37) Woodhall, M. (1992) Cost-Benefit Analysis in Educational Planning
19) Hanley, N. (1997) Environmental Economics in Theory and Practice, UNESCO, Paris.
Macmillan London. 38) Baru R.V. (1998) Private Health Care in India; Social Characteristics
20) Smith, V Kerry (1996), Estiruating Economic Values for Nature: Methods and Trends, SAGE Publications, New Delhi.
for Non-market Valuation, Edward Elgar, Cheltenham, U.K. 39) Berman P and M.E. Khan (1993) Paying for India’s Health Care, Sage
21) Chopra K.(1998) Vahtation of Bio-diversity within protected Areas: Publications, New Delhi.
Alternative Approaches and a Case Study, Institute of Economic 40) Panchmukhi, P.R. (1980) Economics of Health; A Trend Report in
Growth, Delhi. ICSSR. A Survey of Research in Economics Vol. VI, Infrastructure
22) Markandya, A and M.N. Murty (2000) Clcaning up the Ganges, Cost Allied, Delhi.
Benefit Analysis of Ganga Action Plan, Oxford University Press, New 41) World Bank (1993) The World Development. Report 1993 Investing in
Delhi. Health Oxford University Press, New York.
23) Ostrom, E. (1990) Governing the Commons, The Evolution of
Institutions for Collective Actions, Cambridge University Press, Paper-III : LOBOUR ECONOMICS
Cambridge. Unit - I Labour Markets
24) Whalley J. and R. Wigle (1997), The International Incidence of Carbon
Nature and characteristics of labour makets in developing
Taxes’ in Tieteuberg, T. (Ed.) ,Economics of Global Warming 1997,
countrics like India Paradigms of labour market analysis -
Edward Elgar, U.K.
Classical, New-classical and dualistic economy Demand for
25) Dasgupta PS, and K.G. Maler (Ed.) (1997) Environment and Emerging
labour in relation to size and pattern of investment Choice of
Development Issucs Cambridge University Press, Cambridge, Mass.
technologies and labour policies, Supply of labour in relation
26) ESCAP (1997) Accounting and Valuation of Environment-A Primer for
to growth orf labour force, Labour market policies, Mobility
Developing Countrics, Volume L United Nations, New York.
and productivity of labour Rationalization, Methods of
58 59
recruitment and placement, Employment service organisation BASIC READING LIST
in India. 1. Datt. G. (1996) Bargaining Powe, Wages and Employment, An Analysis
Unit-II Employment of Agricultural Labour Markets in India, Sage Publications, New Delhi.
2. Hajala P.D. (1998) Labour Restructuring in India, A Critique of the
Employment and development relationship - Poverty and
New Economic Policies, Commonwealth Publishers, New Delhi.
unemployment in developing contries, Unemployment -
3. Jhabbala. R. and R.K. Subrahmanya (Eds.) (2000) The unorganized
Concept, Types, and Measurement, particularly in India,
Sector- Work Security and Social Protection, Sage Publications, New
Impact of rationalization, technological change and
modernization on employment in organized private industry,
4. Lester, R.A. (1964) Economics of Labour. (2nd Edition) Macmillan,
Public sector and employment in agricultural sector, Analysis
New York.
of educated unemployment, Employment policy in Five Year
5. Mc Conncl, C.R. and S.L. Brue (1986) Contemporary Labour Econimics,
Plans and its evaluation.
McGraw -Hill New York.
Unit-III Wage Determination. 6. Papola T.S. P.P. Ghosh and A.N. Sharma (Eds) (1993) Labour
Classical, Neo-classical and bargaining theories of wage employment and Industrial Relations in India, B.R. Publishing
determination; Concepts of minimum wage, living wage and Corporation, New Delhi.
fair wage in theory and practice-Discrimination in labour 7. Rosenberg M.R. (1988) Labour Markets in Low Income Countries in
Chenery H.B. and T.N. Srinicasan. (Eds) The Handbook of
markets, Wage determination in various Sectors - rural, urban, Development Economics, North-Holland, New York.
organized, unorganized and in informal sectors, Nonwage 8. Venkata Ratnam, C.S. (2001) Globalization and Labour- Manabgement
Component of labour remuneration Inflation wage Relations: Dynamics of Change Saga Publications Response Books,
relationship at micro and macro levels, Productivity and wage New Delhi.
relationship, National wage policy, Wages and Wage Boards 9. Papola, T.S. and Rodgers, G. (Eds) (1902) Labour Instituions and
in India, Bonus system and profit sharing. Economic Development in India, International Institute for Labour
Unit-IV Industrial Relations. Studies, Geneva.
10. Sen, A.K. (1975) Employment Technology and Development. Oxford
Theories of labour movement - Growth, pattern and structure
University Press New Delhi.
of labour unions in India, Achievements of labour unions,
11. Deshpande, L.K. P.R. Brahmananda, E.A.G. Robinson, (Eds) (1983)
Causes of industrial disputes and their setlement and
Employment Policy in a developing Economy.Vol.I & II Macmillan
prevention mechanism, Role of tripartsm, Current trends in
collective bargaining Labour legislation in India, Indian labour
12. Papola, T.S. and Sharma. A.N. (Eds) (1999), Gender and Employment
Laws and practices in relation to international labour
in India Vikas, Publishing House, New Delhi.
13. Sharma A.N. and A Kundu (Ed.) (2001) Informal Sector in India
Unit-V State and Labour. Emerging perspecives, Institute for Human Development, New Delhi.
State and social security of labour - Concept of social security 14. Binswanger, H.P. and M.R. Rosenzweig (Eds) (1984) Contractual
and its evolution, Social assistance and Social insurance Arrangement, Employment and Wages in Rural Labour Markets in
Review and appraisal of state policies with respect to social Asia, Yale University Press, New Haven.
security and labour welfare in India, Special problems of labour 15. Deshpande L.K and S.C. Sandesara, (Eds) (1970) Wage Policy and
Child labour, female labour, Descrimination and gender bias Wage Determination in India, Bombay University press, Bombay.
in treatment of labour, Receding state and its effect on working 16. Madan, B.K. (1977), The Real Wages of Industrial Workers in India,
of labour markets, Labour market reforms- Exit policy, need Management Development Institute, New Delhi.
for safety nets, measures imparting flexibility in labour 17. Memoria, C.B. (1966) Labour Problems and Social Welfare in India,
markets, Second National Commission on Labour, Kitab Mahal, Allahabad.
Globalization and labour markets. 18. Punekar, S.D. (1978) Labour Welfare Trade Unionism and Industrial
Relations, Himalaya Publishing House, Bombay.
60 61
19. Singh, V.B. (Ed.) (1970) Industrial Labour in India, Popular Prakashan, Unit-III Price Determination in VariousMarkets andMarket
Bombay. Equilibrium
20. Hauseman, S. (1991) Industrial Restructuring with Job Security Price determination in perfect competition, monopoly,
Harvard University press, Cambridge Mass. monopolistic competition,duopoly, oligopoly and
21. MHRD, GOI (1987) Shram shakti Report of the National commission monopsony, Pricing of factors of production, Bilateral
on self empoyed Women and Women Workers in the Informal Sector, monopoly.
Ministry of Human Rescurces Development New Delhi.
22. Misra L. (2000) Child Labour in India, Oxford University Press, New Single market equilibrium - Marshallian and Walrasian
Delhi. equilibrium condiions; Lagged market equilibrium, Multi-
23. Riveros, L. (1990), Labour Market Policies and Labour Market market equilibrium -General equilibrium system of Walras,
Reforms in Socialist Economics, World Bank Washington D.C. Conditions of stability of equilibrium.
24. Brown, Phelps, Economics of Labour. Unit-IV Determination of Income. Fluctuations in Income and
25. Datar, Phelps, Economics of Labour. Growth Models.
26. Fonseca, J. Wage Determination for Organised Labour in India.
Classical and Keynes’ macro system, Static and dynamic
27. Govt. of India, Report of the National Commission on Labour.
multiplier, Determinants of investment, Accelerator, Trade
28. Johri, Issues in Indian Labour Policy.
cycle model of Samuelson and Hicks, Goodwin and Kaleeki
29. Mathur, A.S. Labour Policy & Industrial Relations in India.
Stabilization policy, Rational expectations and economic
30. EÚÃh…EÚ, ¥….¶…., EÚ…®…M……Æ˙ ∫…ΔP… +… h… +…Ët…‰ M…EÚ ∫…Δ§…Δv… policy, Lucas’s model Harrod model, Neoclassical model of
31. Dr.S.N.Bodhankar, Dr.S.N.Chavan-Labour Eco. Sainath Pub. Nagpur. growth, Solow and Meade growth models wih technical
Paper-IV MATHEMATICAL ECONOMICS progress Optimal growth, and golden rule of accumulation,
Unit-I Theory of Cansumer Behaviour (Tumpike theorme, Endogenoug growth.)
Cardinal and ordinal utility, Ordinal utility maximization, Unit-V Gaine Theory and Linear Programming and Input-output
Stutsky equation, functions compensated demand functions, Analasis.
income, substitution and price effects, Concept of elasticities-
Concept of game - Two-person zero-sum game, Pay-off matrix
generalizations to variable case, Separable and additive utility
strategies, Maximum and minimax solutions, Saddle point
functions homogeneous and homothetic utility functions;
solution Non-constant sum game, Prisoner’s dilemma, Linear
constant elasticity of substitution (CES) an transcendental
programming Primal and dual problem,Simplex method,
logarithmic utility functions, indirect utility functions duality
transport and storage problems and other applications of
theorem; consumer’s surplus, Theory of revealed preference
linear programming in economics, Input-output analysis -
and index numbers; Treatment of demand for durable goods;
Open and closed systems, Hawking-simon conditions,
Empirical demand functions, Consumer behaviour under risk
Leontief’s dynamic system Testing consistency of planning
and Uncertainty.
Unit-II Theory of production
production function - hornogenious and non-homegenious BASIC READING LIST
Properties of Cobb-Douglas production function CES, Simple 1. Allen, R.G.D. (1976) Mathematical Economics, Macmillan London.
derivation of short and long run cost functions, Modern 2. Arrow, K.J. and M. Intrilligator (Eds) (1982) Handbook of Mathematical
approach to theory of costs; Costs Cost function, producer’s Economics, Volumes I, II and III North Holland Amsterdam.
equilibrium- Laws of return and returns to scale, Constrained 3. Henderson,J,M. and R.E. Quandt. (1980) Microeconomic Theory A
Optimization of a producers generalization to a variable case, Mathematical Approach, McGraw Hill, New Delhi.
Input demand functions; Adding up theorem Technical 4. Chung J.W. (1993) Utility and Production : Theory and Applications,
progress through production function; Analysis of joint Basil Blackwell, London.
profit maximization and multi-product firm, Production 5. Alien, R.G.D. (1974) Mathematical Analysis for Economicsts, Macmillan
possibility curve: Empirical uses of production function Press and ELBS, London.
62 63
6. Chiang A.C. (1986) Fundamental Methods of Mathematical Economics, Unit-IV Simultaneons Equation Models and Time Series Analysis.
McGraw Hill, New York. Introduction and exmples: The simultaneous Equation bias
7. Abel, A.B.S. Bernanke and B. Menabb (1998) Macroeconomics, and inconsistency of OLS estimators, The identification
Addison Wesley, Massachnusetts. problem; Rules of identification - order and rank conditions;
8. Barro, R.J. and H. Grossman (1976) Money Employment and Inflation, Methods of estimating simultaneous equafion system,
Oxford University Press, Oxford. Recursive methods and OLS Indirect least squares (ILS)
9. Jha, R. (1991) Contemporary Macroeconomic Theory and Policy, Wiley 2SLS, and 3SLS - Applications Stationarity unit roots, co-
Eastern Ltd. New Delhi. integration-spurious regression.
10. Jones, H.G. (1976) An Introduction to the Modern Theory of Economic,
Growth, McGraw Hill-Kogakusha, Tokyo. Unit-V Panel Duta Techniques and Multivariate Analysis.
11. Kothari C.R. (1992), An Inroduction to Operations Researvh, Vikas Panel data techniques - Random coctticionts model, Fix effects
Publishing House, New Delhi. model, Random effect model.
12. Kuhn. Herold W. (Ed.) (1997) Classics in Game Theory, Princeton
Multivariate probability distribution, multivariate normal
University Press Princeton.
distribution and its properties.
13. Mustafi, C.K. (1992), Operations Research : Methods and Practice,
Wiley Bastern, New Delhi. BASIC READING LIST
14. Nash J.F. (1996), Essaya on Game Theory, Cheltenham, U.K.
1. Amemiya, T. (1985) Advanced Econometrics, Harvand University
15. Singh S.P.el al (2002), Econometrics and Mathematical Economics S.
Press Cambridge, Mass.
2. Baltagi, B.H. (1998), Econometrics, Springer, New York.
Paper V : ECONOMETRICS - II 3. Dongherty C. (1992) Introduction to Econometrics, Oxford University
Press, New York.
Unit-I Basic Econometrics
4. Goldberger, A.S. (1998), Introductory conomerics, Harvard University
Simple and general linear regression, model - Assumptions, Press, Cambridge Mass.
Estimation (through) OLS approach) and properties of 5. Gujarati, D.N. (1995) Basic Econometrics (2nd Ed.) McGraw Hill, New
estimators, Gauss-Markov theorem; Concepts and derivation Delhi.
of R2 and adjusted R2 Concept and analysis variance 6. Hill R.C. E.G. William and G.G. Judge (1997) Undergraduate
approach and its application in regression analysis. EconometricsWiley, New York.
Unit-II Problems in Regression Analysis and Regressions with 7. Kennedy. P. (1998), A Guide to Econometrics (4th Ed.) MLT Press.
Qalitative Independent Variables . New York.
8. Kmenta. J. (1997) Elements of Economentrics (Reprint Edition),
Nature, test, consequences and remedial steps of problems University of Michigan Press, New York.
of hetero- scedasticity Multicollinearity and auto-corrclation, 9. Koutsoyiannis, A (1977), Theory of Econometrics (2nd Ed) The
Problems of specification error, Errors of measurement. MacMillan Press Ltd. London.
Dummy variable technique - Testing structural stability of 10 . Krishna K.L. (Ed) (1997) Econometric Applications in India,oxford
regresion models comparing to regression, interaction University Press, New Delhi.
effects, seasonal analysis, piecewise linear regression, use 11. Maddala, G.S. (Ed.) (1993) Econometrics Methods and Application (2
of dummy variables, regresion with dummy dependent Vols), Albershot, U .K.
variables. 12. Theil, H. (1981) Introduction to Econometrics, Prentics Hall of India
Unit-III Dynamic Econometric Model New Delhi.
13. Croxton, F.E. D.J. Cowden and S. Kllein (1973) Applied General
Autoregressive and distributed lag models - Koak Model, Statistics, Prentice Hall new Delhi.
Partial adjustment model, adaptive expectations, Instrumental
variables Problem of auto-correlation Application.
64 65
14. Intrilligator, M.D. (1978), Time Series Models for Business and Mortality at birth and unfant mortality rate Levels and trends
Economic Methods, Techniques and Applications, Prentice Hall, in more and less developed countries, Sex and age pattern of
Englewood Clifts, New Jerscy. mortality, Factors for decline in mortaliy in recent past, Life
15. Johnsion, J. (1991) Econometric Methods, McGraw Hill Book Co. table - Construction and uses, Concepts of stable population:
London. Methods of population projection.
16. Chow, G.C. (1983), Econometrics, McGraw Hill, New York. Unit-III Migration and Urbanization.
17. Franses, P.H. (1998), Time Series Models for Business and Economic
Forecasting Cambridge University Press, New York. Concept and types- Temporary, internal and international;
18. Dharymes, P.J. (1970) Ecpmp,etrocs - Statistical Foundations and International migration, Its effect on population growth and
applications, Harper and Row Publishers New York. patern Factors affecting migration, Theories of migration
19. Draper, N.R. and H. Smith (1966) Applied Regression Analysis, John related to internal migration, Urbanization - Growth and
Wile, New Delhi. distribution of rural-urban Population in developed and
20. Anderson, T.W. (1958) Introduction to Multivariate Statistical developing countries, Pattern of Migration and Urbanisation
Analysis, Chapman and Hall, London. in India.
21. Chatfield C.and A.J. Collins (1980), Introduction to Multivariate Unit-IV Demographic Data Base in India.
Analysis, Champman and Hall, London.
Study of census in India - Methodelogy and characteristics
Paper-VI : DEMOGRAPHY of census, Nature of informatiomn collected in 1991 and 2001
census in India, national Family Health Survey Changing
Unit-I Population, Development and Structure of Population.
characteristics of population in India, Population growth
Meaning and scope of demography; Components of rates, trends and regional variations in sex ratio, Age structure
population growth and their inter-dependence, Measures of population, foetal, infant and child mortality rates, Maternal
of population change; Structure, distribution and sources of mortality rates, Life expectancy, Appraisal of Derala model
population data: Theories of population - Malthus, Optimum Pattern of Migration and Urbanization in India.
theory of population, Theory of demogriphic transition-
Unit-V Population and Development with Reference to India and
Population and development.
Pupulation Policy in India.
Population trends in the twenticth century, Population
Population, economy and environmental linkages-
explosion - Threatened or real, distant or unminent,
Population, health, nutrition, productivity nexus, Population
International aspects of population growth and distribution,
and human development issues, Culture and fertility
Pattern of age and sex structure in more developed and less
Education and fertility, Demography and houschold economic
developed Countries, Determinants of age and sex structure
Demographic effects of sex and age structure, economic and
social implications : Age pyramids and projections - Evoluation of population policy in India - The shift in policy
individual aging and population aging. from population control to family welfare, to women
empowerment, Family planning strategics and their outcomes,
Unit-II Fertility, Nuptiality and Martality.
Reproductive health, maternal nutrition and child health
Importance of study of fertility - Total fertility rate, Gross policies, The new population policy, Tasks before he National
reproduction rate and net reproduction rate : Levels and Population Commission.
trends of fertility in more and less developed Countries
Factors affecting fertility - Socio-economic factors, economic BASIC READING LIST
status, health, education nutrition, caste, religion, race, 1. Agarwala, S.N. (1972). India’s Population Problem, Tata McGraw Hill
region, rural-urban and status of husband arid wife, Nuptiality Co-Bombay.
- Concept and analysis of matital status, single mean age at 2. Bose, A (1996) India’s Basic Demographic Statistics, B.R. Publishing
marriage, synthetic cohort methods, Trends in age at Corporation, New Delhi.
marriage, Mortality - Death rates, crude and age-specific,
66 67
3. Bogue, D.J. (1971), Principles of Demography, John Wiley, New York. 25. Seth, M. (2000) Women and Development: The Indian Experience, Sage,
4. Chenery H. and T.N. Srinivasan (Ed.) (1998) HandBook of New Delhi.
Development Economics, Vol I & 2 Elsevier, Amsterdam. 26. Pathak K.B. and F. Ram. (1998) “Techniques of Demographic Analysis”
5. Choubey P.K (2000) Population Policy in India, Kanishka Himalaya Publishing Hourse, Mumbai.
Publications, New Delhi. 27. Bhende A.A. and Kanitkar, T. (2000) “Principles of Population
6. Coale, A.J. and E.M Hoover (1958), Population Growth and Economic studies”. Himalaya Publishing House, Mumbai.
Development in Low Indome Countries A case Study of India’s Prospes 28. ∏…“¥……∫i…¥… B∫….∫…“.(1999) ,''V…x…Δ EÚEÚ“™… +v™…™…x… E‰Ú |……∞¸{…'',  Ω˛®……±…™…… {…Œ§±…À∂…M…
is Princeton University Press, Princeton
7. Gulati, S.C. (1988) Fertility in India, An Econometric Study of a
8. Smion J.L (1992), Population and Development in Poor Countries,
Princeton Universiy Press. Unit-I Nature and Role of Financial System
9. Srinivasan K. (1998) Basic Demographic Techniques and -Application, Money and finance - Money and near-money - Financial
Sage, New Delhi. intermediation and financial intermediaries - The structure of
10. Srinivasan, K. and A Shariff (1998) India, Towards Population and the financial system -Functions of the financial sector
Demographic Goals, Oxford University Press, New Delhi. Indicators of financial development - Equilibrium in Financial
11. Sryrock, H, et. at. (1973) The Methods and Consequences of Markets - Financial System and Economic Development -
Demography US Department of Commerce. Washington D.C. Criteria to evaluate assets : Risk and financial assets, types
12. United Nation (1973) The Determinants and Consequences of of risk, return on assets.
Population Trends,VOl/ol UNO Publicationsm, New York.
13. Chiang. C.L. (1974) Life Tables and Mortality Analysis, W.H.O Geneva. Unit-II Structure of Interest Rates
14 Novell, C. (1988) Methods and Models in Demegraphy, Belthaven Theories of interest rate determination - Level of interest rates
Press, London. - Long period and Short period rates - Term Structure of
15. Srinivasan, K. (1998), Basic Demographic Techniques and Applications, Inferest rates - Spread between lending and deposit rates-
Sage, Now Delhi. Administered interest rates.
16. Agnihotri, S.B. (2000) Sex ratio in Indian Population: A Fresh
Unit-III The Central Bank. Commercial Banks and Monetary Policy
Exploration, Sage, New Delhi.
17. Baud, L.S.A. (1992) Form of Production and Women’s Labour, Gendar Functions of Central Bank - The aims and objectives of the
Aspects of industrialization in India and Mexico, Sage, New Delhi. monetary policy in developed and developing countries -
18. Boserup, E. (1970), Women’s Role in Economic Development, George instruments of monetary policy - Proliferation of banking and
Allen and Unwin London. non-bank financial intermediaries - Effectivencss of monetary
19. King M. and M.A. Hill (Eds.) (1993) Women’s Education in Developing policy Credit creation and its control, Profitability and
Countries Barriers, Benefits and Politics, John Hopking, Baltimore. efficiency of banks Development banks role and functions -
20. Krishnaji, M. R.M. Sudarshan and A shariff (1999) Gender Population Investment banking and merchant banking, Financial sector
and Development, Oxford University Press; New Delhi. reforms in India.
21. Sudarchan and A Shariff (1999) Gender Population and Development, Unit-IV Non-bank Financial Intermediaries and Financial Markets.
Oxford University Press, New Delhi.
22. Gupta J.A (2000) New Reproductive Technologics, Women’s Health Definition and types of non-bank financial institutions, Their
imi Autonomy, Indo-Dutch Studics on Development Alternatives, growth and impact on India’s economic development,
Sage, New Delhi. Measures taken to control their operations. Role and structure
23. Mishra S (2000) Voluntary Action in Health and Population : The of money market and capital market - Call money market
Dynamics of Social Transition, Sage, New Delhi. Treasury bill market, Commercial bill market including
24. Mitra, A (1997) Implications of Declining Sex Ratio in India’s commercial paper and certificate of deposits, Discount market
Population, Allied New Delhi. - Government securities market - Primary and secondary
68 69
market for securities, SEBI its impact on the working of capital 14. Chandra, P. (1997) Financial Markets (4th Edition) Tata McGraw Hill
market in India, IRDA and its role in financial markets. New Delhi.
Unit-V International Financial Markets. 15. Farrell, J.L (1997) Portfolio Management, (2nd Edition) McGraw Hill,
New York.
Nature, organization and participants - Exchange rates - 16. Machiraju H.R. (1997) International Financial Market in India, Wheeler
devaluation, and depreciation - Working of Floating exchange Publishing Allahabad.
rates since 1973 - Risk bedging and futures in exchange retes 17. Shaw, E.S. (1983) Financial Deepening in Economic Development,
International Financial Flows, forms and volume - Rise and Oxford University Press, London.
fall of Brettomwood Institutions - International Liquidity - 18. Shaw, E.S. (1983) Financial Deepening in Economic Development,
Post Mastricht developments Reforms in International Oxford University Press, London.
monetary system for developing countries - Lending 19. Gupta, S.B. (1983), Monetary Economics , S,. Chand & Company, New
operation of World Bank and its affiliates - Working of IDA Delhi.
and IFO, Growth of Regional financial institutions, Asian 20. Rangaranjan C (1999), Indian Economics Essays on Money and Finance
Development Bank and its lending activities, Asian UBS Publication, New Delhi.
Development Bank and India Uuro-dollar and Euro-Curency 21. RBI (1983) Fimctopms amd Wprlomg pf RBI.
markets; their developmental role and regulation at the 22. Sayers. R.S. (1967) Modern Banking Oxford University Press, New
International level. Delhi.
BASIC READING LIST 23. Bhatt. R.S. (1996) Unit Trst of India and Mutual Funds; A Study UTI
1. Bhole, L.M. (1999) Financial Institutions and Markets, Tata McGraw Institute of Capital Markets, Mumbai.
Hill Company Ltd. New Delhi. 24. Sahadevan K.G. and M.T. Thiripalraju (1997) Mutual Funds, Prentice
2. Bhole L.M. (2000) Indian Financial System, Chugh Publications, Hall of India, New Delhi.
Allahabad 25. Fisher, G.E. and R.J. Jordon (1992) Security Analysis and Protfolio
3. Edminster, R.O. (1986) Financial Institutions, Markets and Management Eastern Economy Edition, New Delhi.
Management McGraw Hill, New York. 26. R.B.I. (1985) Report of the Committee to Review the, Wording of the
4. Goldsmith R.W. (1969) Financial Structure and Development,Yale, Monetary ststem (Chakravarty Qommittee), Bombay.
London. 27. Gupta I.C. (Ed.) (1999) India’s Financial Markets and Institution,
5. Hanson, j.A. and S. Kathurla (Eds.) (1999) India A Financial Sector for Society for Capital Research and Development Delhi.
the Twenty - first Century, Oxford University Press, New Delhi. 28. Brahmananda, PR (1982) MF Loan and India’s Economic Future,
6. Harker, P.T. and Sa.A. Zenios (2000) (Ed.) Performance of Financial Himalaya Publishing Hourse, Bombay.
Institutions Cambridge University Press, Cambridge. 29. Kindleberger, C.P. (1996) A History of Financial Crisis, Manias, Panics
7. Johnson H.J. (1993) Financial Institutions and Markets, McGraw Hill, and Crashes, John Wiley & Sons, New York.
New York. 30. Nichans. J (1984) International Monetary Economics, John Hopking
8. Khan M.Y. (1996) Indian Financial system ,Tata McGraw Hill New Delhi. University New York.
9. Machiraju, M.R. (1999) Indian Financial System,Vikas Publishing 31. R.B.I (1995) Report of the Working Group on Foreign Exchange Market
House, New Delhi. in India, (Sodhani Group), Mumbai.
10. Ohlson J.A. (1987) The Theory of Financila Markets and Institution, 32. Redseth, A(2000) Open Economy Macroeconomics, Cambride
North Holland, Amsterdam. University Press Cambridge.
11 Prasad, K.N. (2001) Development of India’s Financial System, Sarup & 33. Avadhani V.A. (2002) Marketing of Financial Services” Himalaya
Sons, New Delhi. publishing House, Mumbai.
12. Robinson, R.J. and D. Wrightman (1981) Financial Markets, McGraw 34. Basu. S.K. Theory & Practice of Developmental Banking.
Hill, London. 35. Chandler, L.V. Central Banking & Economic Development
13. Smith, PF (1978) Money and Financial Intermediation: The Theory and 36. De Cock, M.H. Central Banking
Structure of Financial System, Prentice Hall, Englewood-Claffs, New 37. Desai Vasant, indian Banking Nature & Problems.
Jersey. 38. Paredh, H.T. The Bombay Money Market.
70 71
39. Rao S.R. The Indian Money Market. BASIC READING LIST
40. n‰˘∂…{……Δb˜‰, B∫….B., + v…EÚ…‰π…h… ¥… x……h…‰ §……V……Æ˙ 1. Rajasekaran, S (1986) Numerical Methods in Serence and Engineering
41. {……]ı“±… EfiÚ.B., + v…EÚ…‰π…h… ¥… ®…÷p˘… §……V……Æ˙ All Wheeier, Allahabad.
2. Sandera, D.H. (1988) Computers Today, McGraw Hill (3rd Ed.)New
3. Sinha, P.K. (1992) Computer Fundamentals, BPB Publications New
Unit-I Introduction in Computers and Peripherals
Basic Comonents of computer - CPU input-output devices, 4. Rajaraman, V (1996) Fundamentals of Computers Prentics Hall of India,
keyboand,mouse and scanner, video displa, printers and New Delhi.
plotters, data storage and retrieval, bard disk floppy disk and 5. Lipschultz M.M. and S Lipachultz (1982) Theory and Problems of Data
CD ROM Types of computers and their applications, Precessing Sobtun’s Outline Serics, McGraw Hill New York.
computer networking and resource sharing,hardware, 6. Schildi. H. (1987) C Made Easy , MCGraw Hill Co. New York.
software and firtnwars, examples and techniques in 7. Levin. R.I and C.A. Kirkpatrick (1975) Qantitative Approaches o
programming languages like C, C. Visual Basic Jawa. Managemen (3rd Ed.) McGraw Hill.
Unit-II Data Processing Techniques and Algerithms 8 Miraky I (1955) Introduction to Linear Algebra, Oxford University Press.
9. Intrilligator, M.D. (1978) Econometric Models. Techniques and
Concept of data, record and file, Types of data and data applications prentice Hall, Engleword Cliffs, N.J.
structures, data analysis File handling and operations like 10. Wood , M.E. (1983) Introducing Computer Security Broadrman
opening appending and cascading, closing and attribute Associates Delhi.
control Data storage and retrieval Data operations, Algorithms
like sorting merging joining and befircation Database concepts Paper-IX
and operation on database, DBMS and RDBMS.
Unit-III Statistical Processing Techniques and Methods (Contribution of Nobel Laursates in Economics)
Scries, groups, tables graphs and objects, Time and frequency Unit-I Theory of Value, General Equilibrii, Ga,e Theory Welfare
series, recression methods and Techniques, Regression
Samuclson Paul & Hicks john R
analysis, Data validation. Trends and cyelecity forecasting,
system modelling and description, System equation Arrow, Kenneth J DEbren Gerard G
Sepcification Error and correction strategies, Statistical Allars, Maurice Coase, Ronald H.
modelling and descriptive statistical Distribution functions, Nash, John F Harsatiyl, John C.
Regression statistics.
Selten Reinhard.
Unit-IV IT Application to Finance. Unit-II Staties Dynamics Mocramadels, Econometeics.
On line banking ATM’s Electronic stock exchange, Electronic Macraecononmics, Maonetary Economics and Financial
trading. Date sharing and decimation, Electonic transaction, Economics.
Document delivery, Authentication and validaion transaction Frisch. Ragner
processing. Tinbergen, Jap
Unit-V IT Aplication to Commerce. Klem, Lawrence R.
Electronic trading and marketing On line shopping and malls, Haavelmo, Trygve
B2B, B2C C2B. and G2B models and their applications Friedman, Milton
Document and transaction security and digital signature
Tobin, James
Intergrated transaction on mobile platforme.
Modigliani, Franco
Markowitz, Hary M.
72 73
Sharpe, William F. READING LIST
Miller, Merton H. 1. Allais, M.(1945), Pure Economics and Social Efficiency
2. Allais, M.((1978) Contribution to Economic Science.
Scholes, Myron
3. Arrow, K.J. (1983), collected Paper of Kenneth J. Arrow J.Arrow. Vols.
Merton, Robert C. I & II MIT Press, Cambridge.
Unit-III Economic Development, Economic Growth, Input-Output 4. Arrow, K.J. (1951) social Choice and Individual Values,Wiley New York.
Analysis Programming social Accounts, Economic and social 5. Coase, R. (1937) The Nature of the Firm, Economica, Vol IV.
Systems 6. Coase, R. (1946) The Marginalist Controversy, Economica Vol.XIII.
7. Coase, R. (1988) The Firm, the Market and the Law, Chicago University
Kuznets, Simon Press, Chicogo.
Schultz, Theodore W 8. Debren, G.G. (1959) Theory of Value: an Axiomatic Analysis of
Economic Qquilibrium, John Wiley New York.
Lewis Sir W. Arthur
9. Debreu G.G. (1983) Economic Theory in Mathematical Mode,Nobel
Solow, Robert M. Lecture.
Leontief, Wassily W. 10. Harsanyi C.J. (1982) Papers in Game Theory, Dordrecht.
11. Harsanyi C.J. (1995) Games with Incomplete Information, The
Kantorovich, Leonid
American Economic Review, Vol. 85.
Koopmans C. Tjalling 12. Hicks, J.R. Collected Essays on Economic Theory, Vols,I II and III Basil
Stone, Sir Richard Blackwell, Oxford, 1981, 82 83.
13. Hicks, J.R. Value and Capital, Clarendon Press, Oxford.
Hayek Fredricch 14. Nash, J.F. (1950) equilibriun Points in n-person Games, Proceedings of
Myrdal, Gunnar. the National Academy of Science of the U.S.A.
15. Nash, J.F. (1953), Two-Person Cooperative Games, Econometrica, Vol,
Unit-IV International Trade, Capital Movement and Quantitative
Economic History
16. Samuclson, P.A. The Collected Scientific Papers of P.A. Samuelson,
Meade, James E. Vols, I to V 1966, 1972, 1977 and 1986 MIT Press, Cambeidge, Mass.
Ohlir, Bertil 17. Selten, R.A. and C.J. Harsanyi A General Theory of Equilibrium Selection
in Games, MIT Press, Cambeidge, Mass.
Mundell, Robert A.
18. Salten, R.A. and C.J. Harsanyi (1988) Models of Starategic Rationality;
North, Douglas C. Theory and Decision Librar Series C. Came Theory Mathematical
Fogel, Robert W. Programming and Operations Research Wiley, New York.
19. Frisch. R. (1960) Planning in India Selected Exploration in
Unit-V Others Methodology, Indian Statistical Institute, Calcutta.
Simon,Herbert A - Decision making within Economic organisation 20. Frisch, R. (1970) From Utopian Theory to Practical Application The
Stigler,George,J - Industrial Economics Case of conometrics, Nobel Memorial Lecture.
Buchanan,James M. - Theory of Public Choice 21. Haaavelmo, T. (1943) Statistical Testing of Business Cyole Theories,
Backer, Gary S. - Exlension of Economic Rationality to Sister Review of Economics and Statistics Vol.30.
22. Haavelmo, T. (1989) Econometrics and the Welfare State, Nobel Lecture.
Sciences social
23. Klein, L.R. (1947) The Keynesian Revolution, Macmillan, New York.
Lucas,Robert J - Rational Expectations Approach to Macro 24. Klein, L.R. (1950), economic Fluctuations in the United States, 1921-
economics 41, Macmillan, New York.
Vickery, Willam J - Asymmetric Information and Auction Theory. 25. Tinbergen, J. (1939), Business Cyeles in the United States of America,
Mirrlees, James - Asymmetric Information and Tax Theory. 1919-32 LL.O Geneva.
Sen, Amartya K. - Applied Welfare Economics. 26. Tinbergen, J. (1959) Selected Papers, North Holland, Amsterdam.
74 75
27. Friedman, M. (1957) A Theory of the Consumption Function, Princeton 49. Schultz, T.W. (1979) Economics of Being Poor; Nobel Lecture.
University Press, Princeton, New Jersey. 50. Solow, R.M.(1955-56) The Production Function and the Theory of
28. Friedman, M. (1969) The Optimum Quantity of Money and other Capital Review of Economic Studies, Vol, 23.
Essays, Aldine Publishers, Chicage. 51. Solow, (1970), Growth Theory An Exposition, Oxford University, Press
29. Markowitz, H.M. (1991) Portfolio Selection - Efficient Diversification Oxford.
of Investments (2nd Edition), Basil Blackwell, Cambeidge, Mass. 52. Solow, R.M. (1987), Growth Theory and After : Nobel Lecture
30. Markowitz, H.M. (1990), foundations of portfolio Theory Nobel Lecture. 53. Hayck, F. (1967) Studies in Philosophy Politics and Economics,
31. Merton, R.C. (1990) Continuous - Time Finance Oxford University Press, University of Chicago Press , Chicago.
New York. 54. Hayek, F. (1944), The Colected Works of F.A. Hayck, George Allen and
32. Miller, M.H. (1972) Rates of Return in Relation to Risk: A Unwin, London.
Reexamination of Some Recent Findings with myron Scholes in Studies 55. KaNTOROVICH, l (1965) Economic Calculation of the Best Use of
in the Theory of Capital Markect (Ed.M Jensin) Wiley New York. Resources, Wdey, New York.
33. Miller, M.H. (1991), Financial Innovations and Market Volatility, 56. Kantorovich L. (1976) Economic Problems of Scientific and Technical
Oxford, New York. Pregress Scandinavian Journal of Economics Vol 78.
34. Modigliaru F (1980) The Collected Papers of Franco Modigliani Vol, I, 57. Koopmans, T.C. (1957) Three Essays on the State of Economic Science,
2 and 3 (Edited by A Abel), MIT Pres, Cambridge, Mass. Wiley, New York.
35. Modighani F (1985) Life Cycle, Individual Thrift and the Wealth of 58. Koopmans, T.C. (1975) Concept of Optimality and their Uses, Nobel
Nations Nobel Lecture. Lecture.
36. Scholes, M. with Fischer Black (1972) the Valuation of Option Contracts 59. Leontief, W.W. (1951) The Structure of the American Economy 1919-
and a Test of Market-Efficiency, The Journal of Finance. Vol.27. 39, Second Edition, Oxford niversity Press, New York.
37. Scholes, M. with Fischer Black (173) The Pricing of Options and 60. Leontief. W.W. (1966), Essays in Economics: Theories and Theorizing
Corporate Liabilities, Journal of Political Economy, Vol.81. Vols. I & II 1966, 1977 Oxford, New York and London.
38. Sharpe W.F. (1970) Porttolio Theory and Capital Markets, McGraw- 61. Myrdal, G. (1968) Asian Drama : An Inquiry into the Poverty of
Hill, New York. Nations, Modern Library, New York.
39. Sharpe, W.F. (1990) capital Asset Prices with and without Negative 62. Myrdal, G. (1975) The Equality Issue in World Development : Nobel
Holdings Nobel Lecture. Lecture.
40. Tobin, J. Essays in Economics, Vols. I to III 1971 75, 82 North Holland, 63. Stone, R. (1944) National Income and Expenditure with J.E. Meade,
Amsterdam. Oxford University Press, Oxford.
41. Tobin J. (1981) Money and Finance in the Macroeconomic Process, 64. Stone, R. (1980) Political Economy, Economics and Beyond, the
Nobel Lecture . Economic Fournal, Vol. 90.
42. Kuznets, S (1937) National Income 1919-35 W.W. Norton, New York. 65. Meade, J.E. (1971 AND 1955) the Theory of International conomic
43. Kuznets, S. (1979) Growth, Population, Income Distribution Selected Policy, Vols, I & III Duckworth, London.
Essays, W.W. Norton,. New York. 66. Mundell, R.A. (1971) Monetary Theory, W.W. Norto, New York.
44. Kuznets, S. (1971) Modern Economic Growth Findings and Reflections, 67. Mundell, R.A. (1960) Tje Public Debt, Corporate Income Tzxes and the
Noble Lecture. Rate of Interest, Journal of Political Economy, Vol.68.
45. Lewis, W.A. (1949) Overhead Costs- Some Essays in Economic 68. Ohlin, B. (1933) Interregional and International Trade, Harvard
Analysis, George Allen and Unwin, London. University Press, Cambridge, Mass.
46. Lewis W.A. (1973) Reflection on Unlimited Labour in International 69. Ohlin, B. (1977), Some Expansion Policy Problems in Cases of
Economics and Development- Essays in Honour of Raul Prebisch, Unbalanced Domestic and International Economic Relation; Noble
(Ed) V. Di Maco, W.W. Norton, New York. Lecture.
47. Lewis, W.A.(1979) The Slowing Down of the Engine of Growth Nobel 70. North, D.C. (1963) Quantitative Research in Economic History,
Lecture. American Economic Review, Vol, 53.
48. Schyktz T.W. (1961) Investment in Human Capital, American Economic 71. North, D.C. (1990), Institutions, Institutional Change and Economic
Review, Vol 51. Performances. MIT Press, Cambridge, Mass.
76 77
72. Becker, G.S. (1968) Crime and Punishment : An Economic Approach, Moral hazard and insurance demand, Concept of risk
Journal of Political Economy, Vol.76. management; Essentials of risk management Elements of risk
73. Becker, G.S. (1976) The Economic approach to Human Bchaviour, management - Risk assessment, Risk control and risk
Cjhicago University Pres, Chicago. financing World wide risk sharing - Concept of reinsurance,
74. Buchanan. J.M. (1986) The Constitution of Economic Policy Nobel Fundamentals of reinsurance, Types of reinsurance distribtion
Lecture.. systems, Reinsurance markets in developing countries. Risk
75. Lucas, R.J. (1981) Studies in Business Ciycle Theory, MIT Press, management and insurance in economic development,
Cambridge, Mass . insurance institutions as financial intermediaries, Insurance
76. Lucas, R.J. (1990) Supply-Side Economics: An Analytical Review, institutions as investment institutions Inssurance institutions
Oxford, New York. in Indian capital market; Regulation governing investments
77. Mirriess, J.A. (1976) Optimum Tax Theory A Synthesis, Journal of of insurance institutions in India, IRDA rules in this regard.
Public Economics Vol.7. Unit-III Essentials of Life and Health Insurance.
78. Mirrless, J.A. (1986) The Theory of Optimal Taxaion, Handbook of
Mathematical Economics, Vol, 3, Arrow, K.J. and M.D. Intriligator Fundamentals of life and health insurance; Functions of life
(Eds) North Holland Amsterdam. and health insurance; Mathematical basis of life insurance
79. Sen, A.K. (1962) Choice of Techniques, Basil Blackwell. Plans of life insurance Ligal aspects of life insurance
80. Sen, A.K. (1971) Colective Choice and Social Welfare, North Holland, Provisions of policies Selection and classification of risks
Amsterdam. Basics of premium construction,Valuation and distribution
81. Sen A.K. (1981) Poverty and Famines: An Essay on Entitlement and of surplus Individual healh insurance,Uses. Types of
Deprivation, Oxford University Press, Oxford. evaluation, Principles of underwriting of life and health
82. Sen A.K. (1987) On Ethics and Economics Oxford New York. insurance Group insurance and super-annuation (pension)
83. Simon, H.A. (1988) Models of Bounded Rationality, MIT Press, schemes; Set-up and management of insurance companies.
Cambridge, Mass. Unit-IV Essentials of General Insurance
84. Simon, H,A. (1977) Rational Decision-Making in business
Defination of general insurance Types of general insurance,
Organizations: Nobel Lecture.
Importance of general insurance Importance of general
85. Stigler, G.L. (1982) The Process and Progress of conomics, Nobel
insurance in a country’s economic development, Concept of
short-term risk Fundamentals of the folliowing concepts
86. Vickery, William J. (1947) Agenda for Progressive Taxation, Columbia
Common Law, Equity, Proposal/Accedence, Indemnify,
University Press, New York.
Inasurable interest,Contribution subrogation, Representation,
Paper-X : ECONOMICS OF INSURANCE Ulmost good faith, Material fact, Phsical hazard, Moral hazard,
Policy endorsements conditions/warranties, Selection of
Unit-I Introduction
risks, Inspection of risks Rating and calculation of premiums
Economic security: Human quest for economic security : Tariffs and non-tariffs; Marketing of general insurance,
through time Exposure to losses, Role of insurance Definition Technology development and general insurance.
of insurance Risk pooling and risk transfer Economic and
Unit-V Planning for Wealth Accumulation, Retirement Needs and
legal perspectives, Social vs. private insurance Life vs. non-
Regulation of Insurance.
life insurance Classification of life,health and general
insurance policies. Wealth accumulation planning, Life cycle planning; Planing
for accumulation objectives, Purchase of insurance and
Unit-II Risk Risk Management, Insurance and Economic
accumulation planning Investments Tax-advantaged and tax
non-advantaged; Essentials of individual retirement, planning
Fundamentals of uncertainty and risk; Pure risk and analysis of retirement, Income needs, Retirement planning
speculative risk, Expected utility and decesion-making under strategies, investing for retirement, Pension plans, Basic
uncertainty; Expected utilit and the demand for insurance, principles of pension plans, Pension plans in India Estate
78 79
Planning Process of estate planning, Estate planning tools, 19. Collier, P. and C. Mayer (1989) Financial Liberalization, Financial Systems
Life insurance for estate liquidity. and Economic Growth, Oxford Review of Economic Policy, Volume 6
Regulation of insurance, Purpose of government intervention No.4.
in markets, Theories of regulation Insurance regulation in 20. Ourevile, J.F. (1990) The Economic Significance of Insurance Markets
India Insurance Regulation and Development Authority in Developing Countries, The Journal of Risk and Insurance, Volme
(IRDA) 57, No.3.
21. United Nations Conference on Trade and Development (1987) The
BASIC READING LIST Promotion of Risk Management in Developing Countries, UNCTAD,
1. Balley, R. (Ed.) (1999) Underwritting in Life and Insurance, LOMA,
22. Insurance Institute of India, Life Assurance Underwriting (IC-22)
Atlanta Ga.
2. B hole, L.M. (1990) The Indian Financial System, Tata MCGraw Hill,
23. Benjamin, B. (1991) General Insurance Heinemann, London.
New Delhi.
24. Drofman M.S. (1994) Risk and Insurance Prentice HallEngiowood-Cliffs.
3. Bickelhaupt, D.L. (1992) General Insurance, Irwin Inc. Burr Ridge, III
25. Insurance Institute of India, General Insurance (IC-34) Mumbai.
4. Black K. J. and H.D. Skipper J. (2000) Life and Health Insurance,
26. Casner, A.J. (1995) Estate Planning Little Brown, Boston.
Prentice Hall Upper Saddle River, New Jerssey.
27. Government of India (1998), Old Age and Income Security (OASIS)
5. Finsinger, J and M.V. Pauly (Eds) (1986) The Economics of Insurance
Report (Dave Committee Report) Government of Indias, New Delhi.
Regulation A Cross National Study, Macmillan, London.
28. Iyers, J.I. IIII and E.T. Johnson (Eds) (1991) Readings in Wealth
6. Graves, E.E. and I Hayes (Eds) (1994) McGills Life Insurance The
Accumulaion Planning The American College, Bryn Mawr. Pa.
American College Blyn Mawr Pa.
29. Insurance Regulation and Development Authority (2001), IRDA
7. Head, G.L. and S. Horn II (1991), Essentials of Risk Management
Regulations, New Delhi.
Valume I Insurance Institute of America, Malvern, Pa.
30. Klein, R.W. (1995) Insurance Regulation in Transition, Journal of Risk
8. Mishra M.N. (2003) Insurance principles and practice S chand, New
and Insurance. Volume. No.3
9. Skipper Jr. H.D. (Ed.) (1998) International Risk and Insurance An Paper - XI BUSINESS CYCLES
Environmental Managerial Approach, Irwin McGraw Hill, Boston.
10. Tacchino, K.B. and D.A. Little (1993) Planning for Retirement Needs, Unit-I Meaning of economic fluctuations, Main types of economic
The American College, Bryn Mawr, Pa. fluctuations Seasonal, cyclical, secular and random,
11. Dionne, G and S.E. Harington (Eds) (1997) Foundations of Insurance Definition and Nature of Busines Cycles, Types of Business
Economics, Kluwer Academic Publishers, Boston. cycles,Kitchin, Juglar, Kondratieff, Kuznets, Schumpeter’s
12. Pteffer, I and D.R. Klock (1974), Perspectives on Insurance Prentice three cycle scheme, Building cycles and concept of sub-
Hall Ine, Engleword, Cliffs. cycle scheme.
13. Yaari M.E. ((1965) “Uncertain Life Time Life Insurance and the Theory Unit-II Theories of Business Cycles. I :
of Consumer”Review of Economic Studies, Volume 32 (a) Early conributions Marx and Malthus to the theory of
14. Brockelt, P.L. R.C. Wt and P.H. Hind (1991) an Overview of cyclical fluctuations
Reinsurance and the Reinaurance markets, Journal of Insurance
Regulation, Volume 9, No.3 . (b) Underemployment Theories: J. A. Hobson.
15. Elliot, M.W. B.L. Webb, H.N. Anderson and p.R. Kensicki (1995), (c) Monetary Theory R.G. Hawtrey
Principles of Reinsurance, Insurance Institute of America, malvem, Pa.
(d) Over Investment Theory A Spethoff
16. Friedman, M. and L.J. Savage (1947) The Utiliy Analysis of Choices
Involving Risk, Journal of Political Economy, Vol. 56. (e) Monetary Over Investment Theory F.A. Hayek
17. Williams Jr. C.A. M.L. Smih and P.C. Young (1995) Risk Management (f) Hansen’s Secular Stagnation thesis.
and Insurance, McGraw Hill, New York.
18. Wu, C and P Colwell (1988) Moral Hazard and Moral Imperative, Journal
of Risk and Insurance, Volume 55, No.1.
Unit-III Theories of Business Cycles II :
(a) J.M. Keyncs and Business cycles: Mitchell’s Theory, the
Cob-web theory
(b) Modern Theories of Business cycle M. Kelecki, Metzler,
Ragnar Frisch Exogenous theory.
(c) General features of Econometric models of Business cycle :
Objective, technique and limitations of models with special
reference to J. Tinbergen.
Unit-IV Business Cycles History : Nature of Business cycles in 19th
century , General features of cycles in 20th century Broad
features of the Great Depression (1929-33) Nature of Business
cycles after the Second World War, Recession of 1990s,
International transmission of cyclical disturbances,
Developing countries and Business cycles, Business cycles
in a planned economy, South East Asian Crisis and India,
Business cycles in India during 20th Century.
Unit-V Methods of measurements of cyclical fluctuations, Policies
for controlling or eliminating cycles, Monestary, Fiscal
Policies Direct controls, Monetarism and fiscalism, Business
cycle forecasting.

Books Recommended.
1. Estey L.A. Business Cycles- Their Nature Causes & Control
2. Gordon, R.A. Business Fluctuations.
3. Harberler, G. Prosperity and Depression.
4. Hicks, J.R. Business Cycles and National Income
5. Kalecki J.R. A Contribution to the Theory of Trade Cycle
6. Ludberg Eric: he Business Cycles in the Post world War.
7. Shukla D.K. Business Cycle analysis.
8. World Bank (1993) East Asian Miracle World Bandk Report
Washingion D.C.
9. Goldstein, M.(1998) The Asian Financial Cresis Cresis, Cacre and
Systematic Implication Institute for International Economics
Washingtor D.C.
10. Kindleberger. C.P. (19960 a History of Financial crisis Manias, Pnics
and crashes (3rd Ed) John Wiley and Sons, New York
11. Bhargava P.K. (1991) India’s Fiscal crisis, Ashish Publishing House,
New Delhi.
12. Vaidyanathan A, (1995) The Indian Economy crisis Response and
Prospects. Onent Longmans New Delhi.
13. ®……Ω˛…Ɖ ˙‰ Æ˙….™…., ¥™……{……Æ˙S…GÚ…S…‰  ∫…vn˘…iΔ ….
3 4
FACULTY OF ARTS Provided that,an applicant who has been admitted to the
Bachelor Degree of the University or of any other statutory
university in any other faculty and has subsequently passed the
Examinations Leadings to the Degree of
examination in an additional subject, may be admitted to the Part
¥……R¬Û˜®…™… {……ÆΔ˙M…i… -I of the ¥……R¬Û®…™… {……ÆΔ̇M…i… (M.A.) Examination in that subject after a
(Master of Arts) period of one academic year has elapsed since his passing the
examination in that subject.
1. The examination for the degree of ¥……R¬Û˜®…™… {……ÆΔ˙M…i… (Master of Arts) (ii) attended, in the case of a subject in which laboratory
shall consists of two parts, namely :- work is prescribed ,a full course of laboratory instruction in that
i) The ¥……R¬Û˜®…™… {……ÆΔ̇M…i… ¶……M… -1 (M.A. Part I) Examination subject in an affiliated college supported by a certificate to this
effect signed by the Principal of the College.
(ii) The ¥……R¬Û˜®…™… {……ÆΔ˙M…i… ¶……M… -2 (M.A. Part II) Examination Provided firstly ,that in the case of practical work in Indian
Music, an external candidate who has obtained a
2. The duration of the course shall be of two academic years with the Post-Graduate Degree in Indian Music from any of the
¥……R¬Û˜®…™… {……ÆΔ˙M…i… ¶……M… -1 (M.A. Part I) Examination at the end of the Institutions recognised by the University shall be exempted from
first academic year and the ¥……R¬Û˜®…™… {……ÆΔ˙M…i… ¶……M… -2 (M.A.Part II) attending the full course of practical instruction in Music.
Examination at the end of the second academic year.
Provided secondly, that an external applicant offering
3. The examination for each of the two parts shall be held once a Sociology shall produce a certificate from the Head of the
year at such places and on such dates as may be appointed by Department of Sociology at least six months before the
the Board of Examination. commencement of the Part-II Examination in Sociology ,to the
effect that he has conducted the necessary field work for the
Provided that the examination in the following subjects shall be research essay under his guidance or under a person approved
held twice a year, namely ; English, History, Economics, Political by him for a period of not less than fifty days:
Science, Sociology, Marathi, Hindi, Gujarati, Telugu,
Mathematics, Statistics, Geography, Sanskrit, Indian Music and Provided thirdly, that a teacher * or a woman candidate
Translation Hindi. who is eligible for admission to the Part-I Examination as an
Provided further that the number of candidates appearing at the external candidate shall ,at his /her option be permitted to take
winter Examination shall not be less than Ten for each subject. the examination in any subject wheather or not offered for the
¥……R¬Û®…™… ∫x……i…EÚ (B.A.) Examination or an equivalent examination:
4. Subject to his compliance with the provisions of this ordinance
and of other Ordinances in force from time to time ,an applicant Provided fourthly, that a person holding the ∂…I…h… {……ÆΔ˙M…i…
for admission to:- (M.Ed.) Degree of the University or of any other Statutory
A) The ¥……R¬Û˜®…™… {……ÆΔ˙M…i… ¶……M… -1 (M.A.Part I) University shall be eligible for admission to the ¥……R¬Û®…™… {……ÆΔ˙M…i…
Examination shall have (i) passed the examination for the Degree (M.A.) Examination in Psychology on production of a certificate
from the Head of the Institution regarding completion of the
of ¥……R¬Û®…™… ∫x……i…EÚ (Bachelor of Arts)not less than one academic
prescribed practical work:
year previously:
* A teacher means a whole- time salarised teacher in an Educational
% As amended vide Ordinance Nos. 8/1979,21/1979,48 /1981,72/1981,83/ Institution recognised by, affiliated to or maintained by the Government of
1981,89/1981,19/1983, 36/1983,11/1984,9/1987, 7/1991,11/1992,19/1992.,20/ Maharashtra and situated within the jurisdiction of the University
1994, 3/1998,20/1998,12/1999, 3/2001,14/2001, 6/2005.
5 6
Provided fifthly ,that persons holding degree in the Provided eleventhly ,that persons holding the Degree of
Faculty of Arts and of Social Sciences shall irrespective of the Bachelor of Social Work shall be eligible for admission to M.A..
subjects offered at the ¥……R¬Û®…™… ∫x……i…EÚ (B.A.)Examination and the Examination in Sociology,Economics and Psychology.
aggregate marks obtained at the ¥……R¬Û®…™… ∫x……i…EÚ (B.A.) Examination
Provided twelthly, that persons holding the Degree of
be eligible for admission to the ¥……R¬Û®…™… {……ÆΔM˙ …i… (M.A.) Examination B.Sc. (Home Science ),B.Ed.& M.B.B.S. Examination shall be
in Public Administration and Linguistics.Persons holding degree eligible for admission to M.A. in Psychology.
in Faculties other than the Faculty of Arts and of Social Sciences
and securing not less than 45% marks in the aggregate shall also Provided thirteenthly, that persons holding the Degree
be eligible for admission to the ¥……R¬Û®…™… {……ÆΔM˙ …i… (M.A.) Examination of B.Sc. (Home Science) Examination shall be eligible for
in Public Administration and Linguistics: admission to M.A. in Economics.
Provided fourteenthly that persons holding the Degree
Provided sixthly, that the persons holding Master's
of Bachelor of Performing Arts(|……n˘Ã∂…EÚ EÚ±…… ∫x……i…EÚ) shall be
Degree in Faculties other than the Faculties of Arts and Social
Sciences and securing not less than 45% marks in the aggregate eligible for admission to M.A.in Hindi, English, Marathi, Urdu,
shall also be eligible for the admission to the M.A. Examination Sanskrit, and Pali & Prakrit.
in Public Administration: Provided fifteenthly, that persons holding the Degree of
Bachelor of Performing Arts (|……n˘Ã∂…EÚ EÚ±…… ∫x……i…EÚ) with Music
Provided seventhly, that those who have passed the Post- as an art at the said degree level shall be eligible for admission to
Graduate Diploma Examination in Linguistics of this University M.A. in Music.
held under Ordinance No.120 shall be eligible for admission to
Part II of the M.A. Examination in the Linguistics and that these Explanations:
candidates be allowed at their discretion to appear for M.A. Part
II Examination in Linguistics and that they be allowed to offer i) The Degree of ¥……R¬Û®…™… ∫x……i…EÚ (Bachelor of Arts )mentioned in
Paper IV of M.A.Part-I(Socio- Linguistics)in place of Paper V Paragraph 4(A) (i) includes:-
(Language Teaching Methods ) or Paper VIII(Field The Degree of Bachelor of Arts of any Statutory University in
Methods)whichever subject they had offered at the examination India, recognised as equivalent to the ¥……R¬Û®…™… ∫x……i…EÚ (B.A.)Degree
for Post-Graduate Diploma in Linguistics.;
of the University
Provided eightly ,that persons holding the Degree of
B.Sc.(Home Science)(Special) or the Degree of B.A. with Home ii) The ¥…… h…V™… ∫x……i…EÚ (B.Com)  ¥…Y……x… EfiÚπ…“ ∫x……i…EÚ (B.Sc.) (Agriculture)
Economics /Home Science as one of their subjects shall be eligible of the University or degree recognised as equivalent thereto of
for admission to M.A.Examination in Home Economics . other Statutory Universities for purposes of admission to the
¥……R¬Û®…™… {……ÆΔM˙ …i… ¶……M…-1 (M.A.Part I) Examination in Economics only;
Provided ninthly, that persons holding Bachelors Degree
in the Faculty of Science, shall be eligible for admission to the iii) The  ¥…Y……x… ∫x……i…EÚ (B.Sc.) Degree of the University of Kerala for
¥……R¬Û®…™… {……ÆΔM˙ …i… ¶……M…-1 (M.A.Part-I) Examination in “Ancient Indian admission to the ¥……b¬˜®…™… {……ÆΔ˙M…i… ¶……M… -1(M.A.Part I) Examination
History, Culture and Archaeology and Psychology”: in English only;
iv) The Shastri Degree of Kashi Vidyapeeth for the following
Provided tenthly, that an applicant desirous of taking subjects only namely :-
admission at M.A.Part-I,Part-II in the subject Home -Economics History, Political Science, Sanskrit, Philosophy, Hindi, English
shall not be permitted to appear at the Examination as an external and Public Administration.
7 8
v) Rural Services Diploma of the Government of India for admission (1) English (2) Marathi (3) Hindi (4) Sanskrit , (5) Urdu* (6)
to the ¥……R¬Û®…™… {……ÆΔ˙M…i… ¶……M… -1(M.A.Part I) Examination in the Gujarathi (7) Pali and Prakrit, (8) Persian , (9) Arabic (10)
following subjects, namely:- Linguistics, (11) History, (12) Economics,(13) Political Science,(14)
Economics, History, Political Science, Sociology and Public Philosophy,(15) Ancient Indian History ,Culture and
Administration . Archaeology, (16) Public Administration,(17) Geography, (18)
vi) B.A./B.Sc. Degree with Mathematics for admission to M.A. course Home Economics , (19) Indian Music (20) Psychology , (21)
in Statistics . Sociology, (22) Statistics ,(23) Mathematics , (24) Telugu, (25)
Translation Hindi.
(B) The ¥……R¬Û®…™…{……ÆΔ˙M…i… ¶……M…-2 (M.A.Part-II)Examination shall have
9 An examinee who has passed the ¥……R¬Û®…™… {……ÆΔM˙ …i… (M.A) Examination
passed the ¥……R¬Û®…™… {……ÆΔ˙M…i… ¶……M…-1 (M.A.Part-I)Examination of the of the University in one of the above subjects may present
University. himself in any subsequent year for Part-I of the Examination ,
and after a period of one year has elapsed since his passing Part-
5. Provided that: I of the Examination ,for Part-II of the Examination without
( i) A candidate who is admitted to or is unsuccessful at the ¥……R¬Û®…™… necessarily prosecuting a further course of study:-
(a) in any other subject not offered at the ¥……R¬Û®…™… ∫x……i…EÚ
{……ÆΔM˙ …i… (M.A.) Examination when only one examination was being
held,in the year 1956 or earlier,shall be eligible for admission to
(b) in a new paper or combination of papers in the subject in
the Part-I of the Examination under this ordinance;
which he has passed the examination:

(ii) An examinee taking the ¥……R¬Û®…™… {……ÆΔ˙M…i… ¶……M…-1 ÀEÚ¥…… ¶……M…-2 (M.A. Provided firstly ,that an examinee successful under Clause
Part -I or Part-II) Examination in a subject shall not be permitted (a) Paragraph 9 shall not be eligible for any scholarship, Medal
simultaneously to take that same examination in any other subject or Prize of the University:
or with any other examination unless otherwise specifically
provided; Provided secondly ,that an examinee successful under
Subclause (b) of Paragraph 9 shall not be placed in any division,
(iii) Any person who has obtained a Third Division at the M.A. nor shall he be eligible for any scholarship, Medal or Prize of the
Examination of this University shall be eligible to take the University.
Examination again under this Ordinance in the same subject or
Group of subjects as the case may be for improving his division. Provided thirdly, that an examinee who has passed the
In such a case the provisions of Ordinance No. 138 relating to M.A. examination of the university in Public Administration may
Improvement of Division shall apply. present himself in any other subject for the M.A.Degree
Examination, not offered by him at the Graduate Examination
6. Without prejudice to the other provisions of Ordinance No.6 .
relating to the Examinations in General, the provisions of
Paragraphs 5,8,10, 27, and 32 of the said Ordinance shall apply to
every Collegiate candidate.

7. The fee for each part of the examination shall be Rs .57/-, and for
each practical examination, Rs.20/-.
* Subject to teaching of M.A. Literature in Gujarathi is started in any of the
8. Every applicant for admission to the examination shall offer one colleges within the jurisdiction of the University with prior approval of the
of the following subjects,namely:- University and Government.
9 10
9A. Subject to the provisions of this Ordinance and other Ordinances 14. Examinees successful in Part-II of the examination, obtaining
in force from time to time ,a candidate who has obtained the 60% or more marks in the aggregate in Part-I and Part-II of the
Degree of Master of Mathematics Education (M.M.Ed.) of the examination taken together shall be placed in the First
University shall be eligible to supplicate for the Degree of Master Division.Those obtaining less than 60% but not less than 55%
of Arts /Science(M.A./M.Sc.)in Mathematics by successfully marks in the Higher Second Division.Those obtaining less than
completing four compulsory papers other than those included in 55% but not less than 48% marks in the Second Division and all
the syllabi of B.M.Ed. and M.M.Ed. Mathematics papers and other successful examinees in the Subjects in the Third Division:
required as per the syllabus for M.A. / M.Sc.Part-II in
Provided that those who take the M.A. Part II Examination in
Linguistics after having obtained the Post Graduate Diploma in
Linguistics (as provided in the seventh proviso to para 4(A)(ii)
Such a candidate shall be admitted to M.A./M.Sc.Part-II
of this Ordinance) shall be awarded division on the basis of
Examination as an External candidate in those papers on payment
marks obtained by them at the M.A. Part-II Examination only and
of examination fees and such other fees as prescribed. A
that they will not be entitled to a place in the merit list.
candidate passing in those papers shall be awarded Division as
per rules on the basis of marks obtained in those four papers and 15. There shall be no classification of successful examinees at the
in the six papers in Mathematics obtained at the M.M. Ed. (Part- Part-I Examination.
I and Part II) Examinations ,but he shall not be eligible for any
Scholarship Medal or Prize of the University. 16. Persons admitted of the Degree of ¥……R¬Û®…™… ∫x……i…EÚ (Bachelor of
Arts) with Honours of Nagpur University under Ordinance No
10. In order to be successful in Part-I or Part-II of the Examination in 39 (Since repealed) are without any further examination, eligible
Indian Music, an examinee shall obtain not less than 25 percent for admission to the Degree of ¥……R¬Û®…™… {……ÆΔ˙M…i… (Master of Arts) at
of the maximum marks assigned to each of the theory papers and or after the convocation of the University at which candidates
not less than 36% of maximum marks (in both practicals)and successful at the examination for the degree of ¥……R¬Û®…™… {……ÆΔ˙M…i…
shall also obtain not less than 36 percent of the aggregate marks (Master of Arts ) held next after such admission to the Honours
in that part of the examination. Degree are eligible for the Degree.

11. An examinee of the ¥……R¬Û®…™… {……ÆΔ˙M…i… ¶……M…-1 ÀEÚ¥…… ¶……M…-2 (M.A. Part Provided that, the persons admitted to the degree of ¥……R¬Û®…™…
I or Part II) Examination shall have the option of not being declared ∫x……i…EÚ (Bachelor of Arts ) with honours shall, on application and
successful at the examination in case he does not secure a on fulfilling the requirements in this behalf,be admitted to the
minimum of second Division marks/Higher Second Division degree of ¥……R¬Û®…™… {……ÆΔ˙M…i… (Master of Arts ), if not already admitted
Marks (55%) at the examination .The option shall be exercised
thereto, with the same division as in their honours Examination.
everytime an application is submitted for either of the two
examinations and shall be on the proforma printed on the 17. Provisions of Ordinance No. 7-A relating to the Condonation of
application form itself . Once exercised ,option shall be binding Deficiency of Marks for passing an examination and of Ordinance
upon the examinee and shall not be revoked under any No.10 relating to Exemptions and Compartments shall apply to
circumstances. the examinations under this Ordinance.

12. The scope of the subjects shall be as indicated in the syllabus..

13. The number of papers and the maximum marks assigned to each
paper and the minimum marks an examinee shall obtain in order
to pass the examinations shall be as indicated in Appendix- A.
18. As soon as possible after the examination ,but not later than
30th June next following, in case of examinations held in March/
April and 28th February next following, in case of Examinations
held in October/November , the Executive Council shall publish
a list of successful examinees at the Part-I and Part-II
Examinations. The names of the examinees passing the
Examination as a whole in the minimum prescribed period and
obtaining the prescribed number of places in each subject in the
First or Second Division shall be arranged in Order of Merit, as
provided in the Examinations General Ordinance No.6:

Provided that, the merit list shall only be published for Summer

19. Save as expressly provided in this ordinance , no person shall be

admitted to the ¥……R¬Û®…™… {……ÆΔ˙M…i… (M.A.) Examination in a subject in
which he has already passed an examination of this University
or an equivalent examination of any other Statutory University.

20. Successful examinees at the Part-II examination shall on payment

of the prescribed fees receive a Degree in the Prescribed form
signed by the Vice Chancellor.

Subject No. 5,6 8,9,10,15,16 and 17 as shown in appendix-A are not taught
to at any of colleges and hence external students should not offer these
Ordinance No.36
Statement of Papers of Part-I and Part-II of the M.A. Examination


Subject Papers Maximum Minimum Paper Maximum Minimum Aggregate Minimum

and Marks Pass Marks and Marks Pass Marks in Pass Marks
Practicals Practicals Marks Part I& in Part-I &
Part-II Part-II

1)English,2)Marathi, Four papers Four papers

3) Hindi,4) Sanskrit of 100 400 144 of 100 400 144 800 288
5)Urdu,6)Gujarathi, marks marks
7) Pali and Prakrit, each each
10) Linguistics 11)History,
12)Economics, 13)Political
15) Ancient Indian History,
Culture and Archeology
16)Public administration
Other Subjects:
A)Papers I,II & III 300 A)Papers I,II &III 300
100 marks each 500 180 of 100 marks each 500 180 1000 360
B) Practicals I & II B)Practical-I 100 200
of 100 marks each 200 Practical-II 100
i)Reseach Paper Field Work
Report and Viva on Record
(ii)Dissertation and Viva on Disseration

19) Home Economics (A) Two Compulsory Papers

Four Papers (i) Paper -I..............100
Paper-I (ii)Papers-II 100
Theory 75 Theory 75
Sessional 25...100 Practical 25 ...100
Paper-II (B)Two Optional Papers III&IV
Theory 75 Any Two of optional papers,
Sessional 25...100 each of 75 marks for Theory and
Paper-III 400 144 25 marks for Practical 400 144 800 288
Theory 75
Sessional 25......100 OR..........100
Paper -IV ...........100 Any one of the Optional papers
with dissertation of 75 marks).100
and VIva-voce of 25 marks.)
20) Indian Music
A)Papers I&II....200 400 144 A)Paper I&II(100 marks each)200
(100 marks each) B)Two Practicals-
B)Two Practicals- I.Practical Text......100
(i) Practical Test.....100 II.Majlis Performance.....100
(ii) Majlis Performance.100
400 144 800 288


Papers Maximum Minimum Paper Maximum Minimum Aggregate Minimum
and Marks Pass Marks and Marks Pass Marks in Pass Marks
Practicals Practicals Marks Part-I in Part-1
&Part II & Part II

21.Psychology A) Papers I to IV (75 Marks each)300

A)Papers I to IV(75 marks each )300 B)Practical..... 100
B)Practical.......100 400 144 400 144 800 288
22. Sociology Four Papers A)Four papers
of 100 400 144 of 100 400 144 800 288
marks each marks each
B)Obligatory for Paper IV
Monographs Research Essay.
23. Statistics (A)(i)Compulsory PaperI & II......400
(A)Paper I to IV (each.... 400 (ii)Optional Papers III & IV(each of 100 marks )
of 100 marks) 500 180 500 180 1000 360
(B)Practical I&II... 100 (B)(i)Practicals I&II 50 marks each).........100
(each 50 marks) (ii)Disseration in lieu of Practical II

24. Mathematics (A)Four Compulsory Paper -400

I to V Papers of 100 marks each 500 180 500 180 1000 360
(B)One optional paper....100
25.Translation Hindi 400 144 a)Papers I, II & III
Four Papers of 100 of 100Mrks each 400 144 800 288
Marks each b)Dissertation including
Viva-Voce of 100 Marks
Notes :

1) Every examinee to be successful at the examination shall be required to obtain not less than 25% of the maximum marks prescribed for each Theory Paper. This requirement of obtaining
not less than 25% in each paper shall be in addition to the other conditions prescribed.

2) In order to be successful in Part-I or Part-II of the examination

(i) examinees shall obtain not less than thirty-six percent of the aggregate marks in that part of the examination and (ii) examinees are required to pass separtely in the theory and the
practical part of the examination in subjects where practical examination forms part of a subject and the minimum percentage required for passing the practical part and theory part
seperately shall be 36% of the maximum marks assigned thereto.
INDEX ii) Economics of Social Sector
Master of Arts (Economics) and Environment 54 to 57
¥……b¬˜®…™… {……ÆΔ˙M…i… (+l…«∂……∫j…) iii) Labour Economics.3 57 to 60
M.A.Part-I & Part-II (Economics) iv) Mathematical Economics. 60 to 62
Prospectus No. 07187 v) Econometrics-II 62 to 64
Sr. Subject Page vi) Demography 64 to 67
No. No. vii) Financial Institutions and Markets 67 to 70
1. Special Note for Information of the Students 1 to 2 viii)Computer Application in Economic Analysis 70 to 71
2. Ordinance No. 36 3 to 13 ix) History of Modern Economic Analysis 71 to 76
3. Ordinance No. 138 14 to 15 x) Economics of Insurance 76 to 79
M.A.Part-I(Economics) xi) Business Cycles. 79 to 80
Group-A (Compulsory Papers)
4. Paper-I
Micro Economics Analysis 16 to 20
5. Paper-II
Macro Economics Analysis 20 to 22
Group-B (Optional Papers)
6. Public Economics 22 to 25
7. Industrial Economics 25 to 27
8. Agriculture Economics 27 to 30
9. Economics of Gender and Development 30 to 32
10. Economics of Infrastructure 32 to 34
11. Welfare Economics 34 to 36
12. Economics & Law 36 to 38
13. Quantitative Methods-I ( Economic Statistics) 38 to 40
14. Quantitative Methods-II (Econometrics-I) 40 to 41
15. History of Economic Thought. 41 to 42
M.A.Part-II (Eco.)
Group - A : Compulsory Paper.
16. Paper-I
Economics of Growth and Development 43 to 46
17. Paper-II
International Trade and Finance. 46 to 50
Group-B: Optional Papers
(Any two of the following)
i) Indian Economic Policy 50 to 53